OC&C supports Hg on their acquisition of Dext

Monday, 24 May 2021 | News

We are pleased to congratulate Hg on their recent acquisition of Dext, an accounting automation provider. 

Hg have acquired a majority stake in the business from Kennet Partners and join a consortium of existing investors. Founded in 2010, Dext (formerly Receipt Bank) provides SaaS-based data extraction and automation tools, which integrate into Xero, Sage and QuickBooks, allowing bookkeepers, accountants and SMEs to process documents such as receipts, bank statements and invoices. The business is headquartered in the UK and employs over 450 staff across its offices in Australia, US, France, South Africa, Canada, and Bulgaria. 

OC&C are delighted to have supported Hg on this investment. We have peerless expertise in accounting software across both strategy and transaction work, having worked on hundreds of deals in the software space over the past few years. 

For more details on our experience in this space, please contact our team.

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