Definitiv has been acquired by Access Group
August 2021 — BoardRoom has sold Definitiv to Access Group.
Definitiv is one of the leading payroll SaaS and outsourcing providers in Australia. Since it was launched in 2016, it has established a strong track record of competing with tier one global competitors to win and service large and complex enterprises. Definitive has built a comprehensive cloud-based people management and payroll software platform designed for medium to large enterprises. Its scalable and configurable platform presents viable opportunities to expand globally. The firm currently has a contracted and confirmed US$2.6 million ARR, which represents 18,836 subscribed licenses and 7,486 outsourced pay slips. Management sees strong organic growth opportunities and the business is forecast to achieve over US$17.7million ARR by June 2024.
Access Group is a leading provider of business management software and solutions to mid-sized UK and Asia-Pacific organizations.
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..
Our role in the transaction
Oaklins’ team in Australia 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-border capabilities in conjunction with Oaklins Cavendish, bringing Access Group to the transaction.
Talk to the deal team
Related deals
OEP Danzig BidCo has completed a mandatory tender offer for the shares of Digital Value
OEP Danzig BidCo S.p.A. has completed a mandatory tender offer for the shares of Digital Value S.p.A.
Learn more360 Experience Group has merged with GoodFellows
360 Experience Group, a European end-to-end service provider of live experiences, and GoodFellows have merged to create one of the largest live experiences players in Europe. By pooling their strengths under the 360 Experience Group banner, the merged group will span the full breadth of the live industry and bring together 16 specialized companies, including Live Legends, Unlimited Productions, Unbranded, TIG Sports and Events and Kumpany. The group will provide end-to-end solutions for the realization of large-scale live entertainment, international sports and public events and impactful brand activations. The combined business will generate over US$90 million in revenue and employ more than 230 people.
Learn moreSAP Landscapes has secured investment from Renatus Capital Partners
SAP Landscapes Limited has secured new investment from Renatus Capital Partners. The investment from Renatus will accelerate SAP Landscapes’ continued expansion, including geographic growth and the broadening of its services, both organically and through potential acquisitions or partnerships.
Learn more