- Sector: Application Software; Digital Health
- Deal Type: Private Equity Deals
- Engagement type: Buyside
- Size: $11,600 million
Arma Partners is pleased to announce that it has acted as financial advisor to Hg on its substantial investment in The Access Group, a leading provider of business management software to mid-market organisations in the UK, Ireland and Asia Pacific. The investment values Access at an enterprise value of £9.2 billion ($11.6 billion), making it one of the largest UK headquartered software providers. Existing shareholder TA Associates and new minority shareholder GIC also invested alongside Hg.
Founded in 1991, Access has delivered uninterrupted profitable growth in the last 15 years. The company has more than doubled in size since 2020 driven by double-digit organic growth combined with strategic M&A in the UK, Ireland and Asia Pacific. Access has more than 60,000 customers and 5,000 employees across offices in nine countries.
This transaction further underscores Arma Partners’ continued leadership position in enterprise software and our track record of successfully executing landmark multi-billion transactions on behalf of private equity investors. Arma Partners has now advised on the three largest software buyouts in Europe, having previously advised on the recapitalisation of Visma in 2020 for $12.2 billion and the sale of a minority stake in IFS and WorkWave valued at $10.0 billion earlier this year.