Automic Group Partners with Advent for Growth
Market-leading Australian investor administration and services platform Automic Group has taken a significant step forward by announcing its acquisition by the global private equity firm Advent. This partnership signifies a thrilling new chapter in Automic's success story, committed to enhancing growth and delivering innovative solutions to its clients.
Transformative Technology and Services
Through its cutting-edge cloud-native technology platform, Automic has revolutionized investor services. The company's innovative approach simplifies shareholder management, fund administration, and reporting for various entities, including investment funds, advisors, and unlisted companies. This evolution is central to Automic's mission to streamline investor interactions.
High-Growth Business Model
Automic has built a significant clientele base, serving over 1,400 companies and funds across Australia and New Zealand. The platform's portable technology is designed for scalability, enabling expansion into new markets effortlessly. This strategic vision is complemented by a comprehensive suite of professional services that cater to evolving customer needs.
Leading the Charge in Corporate Support
Automic's registry division plays a crucial role in supporting a diverse corporate landscape, including numerous ASX200 companies. As these entities migrate to Automic's advanced technology platform, clients benefit from a modern, client-centric experience. Automic takes pride in providing exceptional cybersecurity measures, data redundancy, and ensuring zero downtime, all validated by ISO 27001 certification for top-tier information security practices.
Accelerating Growth Strategy
The acquisition will empower Automic's growth strategy by facilitating further investments in technology and artificial intelligence. Plans are in place to broaden the company's reach into international markets, presenting exciting opportunities for expansion.
Leadership Vision and Commitment
Executive Chair Paul Williams expressed his enthusiasm regarding the acquisition: "Our overarching ambition has always been to establish a solid footing within Australia and then leverage that success for global aspirations. Teaming up with Advent marks a pivotal step in this journey. Our committed leadership team is dedicated to pushing Automic forward, and we are eager about what lies ahead."
Testimonials from Key Stakeholders
David Raper, Automic Group's CEO, reinforced the acclamation of the company's innovative framework, stating, "Advent's investment signifies strong approval of Automic's advanced technology platform. Leveraging our proprietary systems and the talent of our devoted team has been fundamental to our growth. I firmly believe Advent will help elevate our business to unprecedented heights."
Adrian MacKenzie, a founding partner at Five V Capital, reflected on their journey with Automic, stating, "This investment has been an exhilarating endeavor, witnessing the evolution of a rapidly growing tech company that has become integral to the investor administration domain. We continue to support Automic and are thrilled to follow their ongoing journey."
Path Forward: Regulatory Approvals and Advisory Support
The transaction is contingent upon customary regulatory approvals, paving the way for an exciting future. Automic was supported in this transformative journey by industry-leading advisers, including Goldman Sachs and Gilbert + Tobin, who played instrumental roles in the acquisition process.
About Automic Group
Founded in 2014, Automic Group has rapidly emerged as a preeminent provider of registry and fund administration services throughout Australia and New Zealand. It combines advanced technology with a focus on customer solutions to improve service quality, bolster data security, and assist organizations in their scaling endeavors.
About Advent
Advent is a globally recognized private equity investor, distinguished for its collaborative approach with management teams and entrepreneurs. With a portfolio of more than USD 100 billion in assets under management and an impressive number of investments across various sectors, Advent aims to transform businesses by fostering long-lasting partnerships.
About Five V Capital
With a strong focus on partnerships, Five V Capital specializes in nurturing growth in high-quality enterprises spanning numerous industries, including technology and healthcare, ensuring long-lived progress through strategic guidance and investment support.
Frequently Asked Questions
What is the significance of Automic's acquisition by Advent?
This acquisition highlights Automic's ambition to accelerate growth, broaden its technology capabilities, and expand into international markets.
How does Automic ensure its technology remains innovative?
Automic continuously invests in advanced technology, including cloud-native solutions and artificial intelligence, to stay ahead in the industry.
What companies does Automic serve?
Automic serves over 1,400 companies and funds, including several ASX200 companies, across Australia and New Zealand.
Who were the advisors during the acquisition process?
Goldman Sachs, Privatus Capital Partners, and Gilbert + Tobin provided advisory services for Automic during the acquisition process.
What is the future outlook for Automic Group?
The future appears bright for Automic Group, with plans for further investments in technology and a focus on expanding its services internationally.
