DLA Piper advises Carthona Capital on MYOB's investment in Roubler

Global law firm DLA Piper has advised leading Australian venture capital firm Carthona Capital, a current and continuing shareholder in Roubler, in respect of MYOB’s acquisition of a majority stake in Roubler. 

Founded in 2015 by Andrew Northcott, Roubler has created an end-to-end workforce management platform which services Australian businesses. Carthona Capital had previously invested in Roubler in late 2019 as part of Roubler’s Series A round. DLA Piper also advised Carthona Capital in respect of that Series A investment.

MYOB is a leading provider of Enterprise Resource Planning (ERP) and Payroll Software (PS) in Australia and New Zealand. The investment, for an undisclosed sum, will see MYOB integrate Roubler’s unique workforce management platform functionality within its ERP and PS suite, MYOB Advanced, resulting in a powerful end-to-end business management platform.

DLA Piper’s team was led by corporate Partner David Ryan and Special Counsel James McCarthy.

David Ryan said “We are excited to have been involved in this transaction, and to be able to help these businesses in achieving their goal of supporting mid-market businesses fulfil their growth potential across Australia and New Zealand.” 

This deal comes on the back of DLA Piper recently advising several other international clients on complex global technology transactions, including advising HCL Technologies on its proposed acquisition of DWS Limited, ASX-listed Nearmap Ltd on its AUD90 million underwritten placement and share purchase plan, HMI Capital on its investment in ASX-listed Ooh!media, Webjet Limited on its AUD346 million equity raise and EUR100 million convertible note offering and US fintech Credible Labs Inc. (ASX:CRD) on its AUD585 million merger with NASDAQ listed Fox Corporation.