MYOB ready to float
Intelligent Investor
Independent Financial Research
The cloud-based accounting software market is growing rapidly, but MYOB's upcoming float isn't without controversy. In February 2009, private equity firm Archer Capital acquired then publicly-listed MYOB for $550m. After a round of improvements, the maker of accounting software was then sold in 2011 for $1.2bn to a new private equity owner, Bain Capital. Now, coming full circle, Bain wants to float MYOB for twice what it paid – a market cap of $1.9bn to $2.3bn – claiming it’s a more streamlined company with significantly improved prospects. Is such a rapid turnaround really possible? Read the full article (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Intelligent Investor is an independent financial research service with a 14-year history of beating the market. Our value investing approach empowers Australians to make more informed decisions to build their long-term wealth. We off structural and product advice, tax-friendly strategies, model portfolios and access to industry experts through an online Q&A. Sign up for a trial today, https://www.intelligentinvestor.com.au/
1 topic
Intelligent Investor
Independent Financial Research
Intelligent Investor is an independent financial research service with a 14-year history of beating the market. Our value investing approach empowers Australians to make more informed decisions to build their long-term wealth. We off structural...
Expertise
No areas of expertise
Intelligent Investor
Independent Financial Research
Intelligent Investor is an independent financial research service with a 14-year history of beating the market. Our value investing approach empowers Australians to make more informed decisions to build their long-term wealth. We off structural...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment