The Access Group secures substantial private equity backing from Hg and TA Associates.
Hg and TA Associates provided fresh funding to support organic expansion, acquisitions and international growth.
The Access Group provides business management software to mid-market organisations across commercial and not-for-profit sectors. Founded in 1991, the company operates from its headquarters in London and serves over 35,000 customers.
The Access Group has secured a substantial growth equity investment from its longstanding backers Hg and TA Associates. The transaction will see both institutional investors maintain joint control alongside the company leadership team following a period of strong financial performance. Terms of the deal were not disclosed as it awaits regulatory clearance.
The funding announcement arrives alongside robust financial figures for the fiscal year ending June 30, 2020, during which pro forma revenues reached £315m. The business intends to direct the newly secured capital toward continued organic expansion, targeted acquisitions, and international reach.
Investor perspective
"We recognised the quality of The Access Group many years before we invested and, since then, we’ve seen the business show not only resilience, but also huge progress and growth even during this incredibly volatile year. We’re very happy to increase our investment in The Access Group and further accelerate the company’s business strategy together with our partners."
Jonathan Boyes
Partner, Hg
Use of funds
- 01Expand into international markets
- 02Fund acquisitions
- 03Fund the next phase of growth
Investors
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About the company
The Access Group
The Access Group delivers business management software solutions to mid-sized organisations.