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The Access Group announces substantial investment to drive continued expansion at £9.2 billion valuation

The Access Group announces substantial investment to drive continued expansion at £9.2 billion
valuation

8 June 2022

  • Secures continued backing from its largest shareholders and experienced software investors,
    Hg and TA Associates
  • Enterprise value of £9.2 billion
  • Secures new refinancing including incremental facility for over £1 billion to support further
    strategic acquisitions

LONDON, UK – 8 June 2022 – The Access Group, a leading provider of business management
software to mid-market organisations in the UK, Ireland and Asia Pacific, today announced further
investment from its shareholders, Hg and TA Associates, with an associated enterprise value of £9.2
billion, believed to make it one of the largest UK headquartered software providers.

Access has grown significantly since its incorporation in 1991, delivering uninterrupted profitable
growth in the last 15 years. Since 2020, Access has more than doubled in size driven by double-digit
organic growth, combined with strategic M&A in the UK, Ireland and Asia Pacific. Access has grown
its customer base to more than 60,000 and its employees to approximately 5,000, expanding
internationally with offices in nine countries.

The announcement of the further strategic investment from Hg, a leading software and services
investor, and TA Associates, a leading global growth private equity firm, is significant. In addition,
GIC, a global institutional investor, has confirmed a new investment in Access and that it will become
a minority shareholder in the company. The transaction, which is subject to customary regulatory
approvals, is expected to close in the second half of 2022.

Commenting on today’s announcements, Chris Bayne, CEO of The Access Group, said: “I’m incredibly
proud of our continued success and delighted that our leading investors, Hg and TA, continue to
support us as the company expands in the UK, Ireland and Asia Pacific. With GIC’s additional
investment, Access continues to receive strong support from the investment community, helping to
drive our performance and growth plans.

“We have made massive progress in our growth strategy since we announced the last investment
from Hg and TA in 2020. Hg and TA’s further investment in Access signifies our business and team’s
strength. We look forward to expanding and continuing our relationship with all three of our
investors as we carry on with organic and acquisitive growth projects and further geographic
expansion.

“Over the next few years, the management team and I will continue to focus on our growth strategy
and our products and solutions, especially Access Workspace, our SaaS platform, which allows our
customers’ products and data to be consumed in one place with a consistent user experience.