A Loughborough-based software company is close to becoming more valuable than Sage Group, the FTSE-100 technology champion, as it finalises a deal to sell a stake to a Singaporean state investment fund.
Sky News has learnt that The Access Group, which was founded in 1991, is in advanced talks about a transaction that will value it at about £9bn.
Singapore’s Government Investment Corporation (GIC) is expected to become a significant minority shareholder as part of the deal.
At a £9bn valuation, Access will be more highly valued than Sage Group, the FTSE-100 software provider.
Read more: Sky News
