M.H. Carnegie & Co. has acquired a 55% stake in Melbourne-based Assetic Pty Ltd for A$10 million, capitalizing on the growth potential within the Australian infrastructure software market.
Target Information
Assetic Pty Ltd is a Melbourne-based software provider specializing in strategic asset management solutions for local governments across Australia. The company's software enables municipalities to efficiently track and forecast infrastructure investments, ensuring optimal allocation of billions of dollars for future projects such as road maintenance, housing developments, and sewer system upgrades.
With a strong market presence, Assetic has established itself as a leader in the public sector software arena, which has made it an attractive investment opportunity in the evolving Australian infrastructure landscape.
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Industry Overview
The Australian infrastructure sector is currently witnessing unprecedented growth, driven by increasing demand for modernization and expansion of public facilities. According to Citigroup, an estimated A$770 billion must be invested in infrastructure
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M.H. Carnegie & Co.
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in 2018
in a Other Private Equity deal
Disclosed details
Transaction Size: $11M
Equity Value: $11M