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Four firms advise on MYOB sale

Four firms advise on MYOB sale

Allens Arthur Robinson, Ropes & Gray, Clayton Utz and Corrs Chambers Westgarth have advised in the sale of Australia's largest independent software vendor.MYOB Limited will be sold to global…

Allens Arthur Robinson, Ropes & Gray, Clayton Utz and Corrs Chambers Westgarth have advised in the sale of Australia's largest independent software vendor.

MYOB Limited will be sold to global private investment firm Bain Capital in the biggest private equity transaction of 2011 in the Australian market.

Allens advised an Archer Capital-led consortium on the agreement under the leadership of partners Tom Story and Richard Gordon.

Ropes & Gray and Clayton Utz advised Bain Capital, while Corrs Chambers Westgarth advised Bain Capital's financiers.

Earlier this year, Allens advised Australian private equity investment house Archer Capital and its financers on the acquisition of private hospital business Healthe Care as well as V8 Supercars Australia.

Allens also worked on Archer's acquisition of then ASX-listed MYOB in 2009.

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