Shareholder registry Automic Group will be acquired by global private equity group Advent, in its first acquisition since opening a Sydney office earlier in 2025.
The purchase price was not officially disclosed, but a source close to the transaction confirmed a media report it was for $725 million.
The Perth-based firm uses cloud-based technology to service 1,400 companies and funds across Australia and says it has been the top-performing share registry for IPOs and listed transactions in the country over the past five years.
In addition to serving as a share registry Automic provides services around employee share plans, analytics, board management and media relations to both listed and unlisted companies.
The company was founded by Ben Kay, who still sits on the board.
Five V Capital took a $80 million stake in the company in 2021, in a deal that valued it at more than $200 million.
Paul Williams has served as the company's executive chair since 2022 and was previously its managing director, from 2015.
"We have identified a high-quality business in one of Advent's key sectors: business and financial services," said Beau Dixon, managing director and head of Australia and New Zealand at Advent.
"We are confident we can deliver significant value creation by applying our hands-on, in-market, and global operational expertise."
Advent director Hayden Neeland called the group a "proven industry disruptor with a robust cloud-native technology platform that is scalable with significant growth opportunities ahead."
Advent describes itself as one of the most experienced global private equity investors, with 16 offices across five continents and over $US 100 billion in assets under management.
It has made 435 investments across 44 countries, including acquiring Australian luxury fashion brand ZIMMERMANN in 2023 for $1.5 billion to $1.75 billion.
Advent said the deal demonstrated its efforts to pursue business opportunities across Asia Pacific and embed its local know-how alongside its global network.
