The Access Group ("Access") is a British provider of integrated business management software for mid-market companies. The group’s software provides industry-specific applications for a diversified customer base of clients operating in recruitment, education, health, manufacturing, etc.

In January 2015, TA Associates acquired the controlling stake in Access from Horizon Capital. In 2015-2018, the group doubled its top-line (from €70m revenue in 2014 to €170m in 2018), executed 11 acquisitions, entered 3 new vertical markets and grew its customer base to c.13k UK businesses and not-for-profit organizations.

In April 2018, Hg joined TA Associates as a joint owner in a deal valuing the business at €1.2bn EV and 21.0x EV/EBITDA multiple. Since then, Access’ top-line skyrocketed, reaching c. €1.4bn sales in 2023 at 63% CAGR 2020-2023, while EBITDA grew at 71% CAGR and margins improved by c.6pp. During this period, the group made >50 add-ons in the UK, Ireland and APAC, grew its customer base to >100k, expanded internationally with >40 offices in 11 countries and increased its headcount to >6,000 (vs. c.1,300 in 2018).

It comes as no surprise that in June 2022, Access received further strategic investment from Hg and TA Associates at a c.€11bn valuation. Additionally, GIC has entered as a minority shareholder in the group.