Count Ltd Clears Final Regulatory Hurdle for Oracle Group Acquisition
Count receives ACCC confirmation for Oracle Group acquisition nears completion
Count Limited (ASX: CUP) has confirmed a clear path to completing its Oracle Group acquisition, after receiving confirmation from the Australian Competition and Consumer Commission (ACCC) that the transaction is not required to be notified. The company has simultaneously secured an enhanced debt facility with the Commonwealth Bank of Australia (CBA) to fund the deal.
The ACCC confirmation, received pursuant to a waiver application lodged by Count, confirms that the acquisition is not required to be notified. In its announcement dated 13 July 2026, Count stated the acquisition is now expected to complete in the coming weeks, subject to the satisfaction of the conditions precedent outlined in the investor presentation released to the ASX on 31 March 2026.
The company confirmed the ASX will be immediately notified following completion.
Count described the transaction as delivering a “step-change” in its ambition to become Australia’s leading wealth accounting platform. According to the company, the acquisition adds significant scale to its employed financial adviser network and deepens its investment solutions offerings.
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Enhanced CBA debt facility secured to fund the deal
Alongside the regulatory clearance, Count announced it has entered into an enhanced debt funding facility with CBA, to be in place at completion of the acquisition. The new arrangement provides a facility structure across three components.
The enhanced facility will replace the Group’s existing debt facilities with Westpac Banking Corporation. The company noted that any Earn-out Consideration payable in connection with the acquisition is expected to be funded through future operating cash flows and debt drawdowns.
| Facility | Amount | Purpose |
|---|---|---|
| Acquisition facility (3-year term) | $77.0M | Fund the acquisition, re-finance existing debt, enable growth plans |
| Credit-approved accordion facility | $33.0M | Additional access |
| Working capital facility | $6.6M | Working capital |
CEO Commentary
“We are pleased to have secured this enhanced debt facility with CBA, providing Count with an attractive debt funding base to complete the Acquisition, re-finance our existing debt facilities and accelerate the disciplined execution of our ambitious growth strategy,” said Hugh Humphrey, Chief Executive Officer.
What the Oracle Group acquisition means for Count
For Count, the strategic case rests on the added scale and capability the transaction brings. According to the company, the acquisition “delivers significant scale to Count’s employed financial adviser network and deepens our investment solutions offerings.”
Key strategic benefits highlighted by Count include:
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A step-change towards becoming Australia’s leading wealth accounting platform
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Significant scale added to the employed financial adviser network
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Deeper investment solutions offerings
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Refinancing that shifts the Group’s debt from Westpac to CBA
The enhanced facility replaces Count’s existing Westpac debt facilities at completion.
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What happens next
The transaction now moves towards completion, which Count expects within the coming weeks. The sequence of events is dependent on the remaining conditions precedent being satisfied.
The expected sequence is as follows:
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Satisfy the remaining conditions precedent, as outlined in the 31 March 2026 investor presentation
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Have the enhanced CBA facility in place at completion
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Complete the acquisition, expected within the coming weeks
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Notify the ASX immediately following completion
The company has not disclosed the total acquisition purchase price, the Earn-out Consideration amount, or the specifics of the conditions precedent in this announcement. Investors seeking further detail on the deal terms are referred to the investor presentation released to the ASX on 31 March 2026.
For readers wanting the complete financial detail behind the transaction, our full explainer on the original Oracle deal announcement covers the purchase price breakdown, EPS accretion assumptions, the $35.9 million institutional placement mechanics, and the identified cost synergy targets.
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