Perth-founded share registry Automic Group is set to be acquired by US-based private equity investor Advent for $725 million, with several local shareholders sharing in the spoils.
Perth-founded Automic Group has become the top share registry provider in Australia after transferring the data from Advanced Share Registry, a business it acquired for $32 million.
A new capital markets platform that has backers from accounting firm BDO, law firm Steinepreis Paganin, and property group CrowdfundUP plans to target both traditional capital raising deals and the new field of equity crowdfunding.
Perth-based share registry business Automic Registry Services wants to double its market share this year after making a substantial investment in a new cloud-based platform.
