MYOB’s Slate Super sale in the offing
MYOB’s time with startup super fund Slate Super is coming to an end. Street Talk understands the Flare HR-controlled fund, which put its exit plans into gear in 2023, has turned the process over to the trustee, which is expected to complete the transfer imminently.
MYOB, owned by US private equity giant KKR, picked up the asset in its acquisition of payroll platform Flare in 2022. That same year, MYOB made it clear to the trustee that it intended to pull out as Slate’s promoter and worked with regulators and interested parties throughout 2023, sources said.
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