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.

The industry leading provider of professional services in Asia-Pacific.

BoardRoom is ranked amongst ‘Forbes Asia’s Top 200 Companies Under A Billion’. The group currently services over 7,300 clients across 22 locations worldwide and is the third-largest 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 payroll, bookkeeping, recruitment and corporate secretarial services.

The Highlights

  • Top 200

    Forbes Asia Top 200 Company

  • 50+

    years of experience

  • 200+

    Services ASX companies

  • Approx $25m

    Deal Value (after transaction costs)

Consistent, stable growth led by expertise and experience

Henslow has a long-standing relationship with BoardRoom, Asia-Pacific’s leader in Corporate and Advisory Services with a strong and reputable 50-year track record. 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.

January 2018

Investment in Definitiv

March 2018

Acquisition of Corporate Counsel

August 2021

Sale of Definitv to Access Group

Definitiv has shaken up the Payroll and HR software market in Australia in a very short period. Launched in October 2016, the agile, user-friendly platform supports over 130 organisations and manages over $600 million in transactions. Clients include a top 10 listed ASX entity, and a multitude of others spread across 24 industries.

Rhett Tregunna, CEO of BoardRoom