Successful Sale by Boardroom of Definitiv to Access Group

Congratulations to Henslow client BoardRoom on the sale of Definitiv to Access Group, a leading provider of business management software and solutions to mid-sized UK and Asia Pacific organisations. Access Group acquired 100% of the shares in Definitiv for a consideration of approximately $25m (after transaction costs) plus earnout, as reported by BoardRoom’s parent company, GK Goh Holdings Limited. This follows the acquisition of a 31.5% strategic stake in Definitiv by BoardRoom back in 2018, following an acquisition search and M&A buy side advisory role undertaken by Henslow.

Definitiv are a fast growing HR and payroll SaaS platform servicing corporate and enterprise clients throughout Australia. The acquisition compliments UK head office based Access Group’s recent Australian acquisition of Sage Group’s accounting and payroll businesses in Australia and Asia.

BoardRoom Australia is the third largest and fastest growing share registry provider in Australia.  Over the past five years, the company has aggressively invested in technology advancements and diversified its service offering to include employee options, payroll, bookkeeping, recruitment and corporate secretarial services.

The sale of Definitiv highlights our Oaklins cross boarder capabilities in conjunction with our UK Oaklins counterpart, Oaklins Cavendish, bringing Access Group to the transaction. This is the third transaction that we have assisted BoardRoom with, and we look forward to further strengthening our long-standing relationship with BoardRoom.



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