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
Be-Cloud has been acquired by PSG Equity
Be-Cloud, backed by B&Capital since 2021, has been acquired by PSG Equity, a leading growth equity firm specializing in software and technology-enabled services. The transaction marks the full exit of B&Capital and the reinvestment of Be-Cloud’s founders, Lenny and Sébastien Vercruysse, alongside PSG Equity.
Learn moreVeremark has completed a secondary share sale
Veremark, the global workplace trust company, has completed an employee and early investor secondary share sale, on the London Stock Exchange’s (LSE) Private Securities Market (PSM), valuing the company at over US$133 million in enterprise value. Crowdcube, Europe’s leading private market liquidity platform, managed the transaction.
Learn moreENGIE Énergie Services has sold Majorelle to Isospace
Majorelle, a pioneer in space planning in France for 40 years, has been sold to Isospace by ENGIE Énergie Services. The transaction marks a new chapter in Majorelle’s growth, bringing together complementary expertise in workplace design, space planning and fit-out while preserving its brand, teams and market positioning. Together, Majorelle and Isospace generate more than US$45 million in revenue, primarily in the Île-de-France region. The companies operate in a commercial fit-out market undergoing significant transformation, driven by evolving workplace needs, real estate asset repositioning, regulatory requirements and environmental and socioeconomic challenges. Philippe Savajols, president of Isospace and Majorelle, aims to ensure continuity for Majorelle and its teams while developing complementary capabilities and synergies across the group, preserving both companies’ respective cultures, expertise and client relationships.
Learn more