KKR

The private equity giant acquired the accounting software firm in 2019.

KKR is in talks for a new loan for MYOB, an Australian accounting software firm that the private equity giant acquired in 2019, people familiar with the matter said.

Iris supplies software for the accounting, payroll, human resources and education sectors.

KKR is seeking a valuation of more than $2.7 billion in a potential sale of the accounting software maker to Australia & New Zealand Banking Group, according to people familiar with the matter.

The corporate performance management software provider has secured a capital infusion of reportedly over $500 million from the private equity firm KKR.