Travers Smith LLP has advised long-standing client The Access Group on the acquisition of The Sage Group's businesses in Australia and Asia.
The acquisition of the Sage businesses in APAC significantly advances Access’ global presence following the recent purchases of Attaché in November 2019 and Unleashed in November 2020 and further strengthens Access’ position in the Asia-Pacific region. The acquisition excludes Sage global products.
The Travers Smith team was led by Private Equity & Financial Sponsors Partner Emma Havas, with support from Private Equity & Financial Sponsors Associates Stuart Allan and Alex Watt. Specialist advice was provided by Tax Partner Jessica Kemp and Tax Associate Anthony Reeves and Commercial, IP & Technology Partner James Longster and Commercial, IP & Technology Associate Andrew Maxwell.
The transaction, which is subject to approval by the Australian Foreign Investment Review Board (FIRB), is expected to complete in the next six months.