Bain Capital and KKR are expected to tender offers to acquire Australian software company MYOB, Reuters reports. The buy-out firms are among the potential bidders for the company, which may fetch around $1 billion. Archer Capital and HarbourVest Partners had purchased MYOB for nearly $452.01 million in 2008, with $251.17 million five-year debt from BOS International Australia, ANZ, Westpac Banking, GE Commercial Finance, Calyon, Royal Bank of Scotland, UBS and WestLB. UBS is advising Archer and HarbourVest on the sale.
Click here for the story from Reuters.
Click here for additional coverage from AltAssets.