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New Deal


Announced

HUB24 to acquire myprosperity for $52m.

Financials

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Transaction Value£40m
Consideration TypeOrdinary Shares, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Australia

Majority

software company

Software

Acquisition

Private

Pending

Friendly

Domestic

Single Bidder

Synopsis

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HUB24, an investment advisory firm, agreed to acquire myprosperity, a software developer, for $52m. “We’re excited to be announcing the acquisition of myprosperity, who are a leading provider of client portal technology for advisers and accountants and welcome Peter McCarthy and his talented team to HUB24. This acquisition will consolidate our market-leadership position and accelerate the delivery of our platform of the future strategy, strengthening our competitive advantage to capture further market share and new growth opportunities," Andrew Alcock, HUB24 Managing Director.

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