Advent International has signed an agreement to acquire Automic Group, a financial market infrastructure technology provider serving Australia and New Zealand. The transaction terms remain undisclosed, and completion is expected by year-end subject to regulatory approvals.

Automic, founded in 2014, has built a cloud-native platform offering registry, shareholder analytics, employee share plans, and fund administration services. The company supports more than 1,400 clients and has been the leading share registry for IPOs in Australia over the past five years.

Beau Dixon, Managing Director and Head of Australia and New Zealand at Advent, said: “We see strong alignment between Automic Group and Advent’s investment philosophy. We have identified a high-quality business in one of Advent’s key sectors: business and financial services. We are pleased to be making our first acquisition since opening Advent’s Sydney office, and we look forward to working closely with Automic Group’s management team to support its next phase of growth.”

Automic CEO David Raper welcomed the partnership, stating: “We are excited to be partnering with Advent, leveraging their global best practice and industry knowledge, long track record of value creation to deliver continued growth, and market leading solutions to our customers.”

Hayden Neeland, Director at Advent, added: “Automic Group is a proven industry disruptor with a robust cloud-native technology platform that is scalable with significant growth opportunities ahead. We are excited by the company’s demonstrated track record of customer acquisition and ability to innovate, launch, and grow new products.”

Advent has deep expertise in the business and financial services sector, with more than 95 investments across 25 countries. Since 2008, it has deployed over $6.6bn in fintech globally. Its Australian portfolio includes fashion brand Zimmermann, business software provider Transaction Services Group, and defence technology company Ultra Electronics.

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