Myob Group Ltd (ASX:MYO) Bain Sell Down and Receipt of Acquisition Proposal
MYOB Group Limited (ASX:MYO) today announced that Bain Capital Abacus Holdings, L.P. has sold 103,951,106 shares, representing approximately 17.6% of the issued share capital of the Company to an affiliate of KKR & Co. L.P., at a price of A$3.15 per share. Together with existing interests in the Company, KKR has an aggregate economic interest in MYOB of 19.9%.