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Hillhouse / MGI Dobbyn Carafa

Approved · Waiver · decided in 18 days, 15 June 2026

UnclassifiedWA-50023ACCC register

Global alternative investment manager Hillhouse Investment Management, Ltd., via Ascentium AU Oxygen Holdings Limited, is acquiring 100% of the shares in Melbourne-based MGI Dobbyn Carafa Pty Ltd. This share sale expands Hillhouse's footprint in accounting, tax, and corporate advisory services, complementing existing investments in the business services sector.

Timeline

  1. 28 May 2026Filed with the ACCC
  2. 15 June 2026Notification waiver determination publishedPDF · 144.9 KB

Acquisition details

Hillhouse Investment Management, Ltd. ( Hillhouse ) proposes to acquire 100% of the issued shares in MGI Dobbyn Carafa through Ascentium AU Oxygen Holdings Limited, which is wholly and directly owned by Hillhouse (the Acquisition ). Hillhouse is a global alternative investment manager that deploys capital across multiple strategies, including public equities, private equity, private credit, and real assets. Through its private equity arm, Hillhouse invests in long-term global opportunities across the business services, healthcare, consumer, and industrials sectors. Relevant to the Acquisition, Hillhouse’s investments include: In.Corp Advisory (AU) Pty Ltd ( Incorp ): Incorp provides standardised bookkeeping, basic accounting, compliance and company secretarial services, focusing on small enterprises, sole proprietors and small business owners. InCorp’s connected entity, InCorp Audit & Assurance Pty Ltd, provides auditing and assurance services. Oxygen Private Clients Pty Ltd ( Oxygen ): Oxygen is an Australian tax and advisory firm providing specialised compliance and advisory services to family offices, family groups, high-net-worth-individuals, owner-managed businesses, sole traders and self-managed super funds. Lumiere Private Advisory Pty Ltd ( Lumiere ): Lumiere advises on superannuation matters particularly in relation to self-managed superfunds and offers services including income tax returns, accounts and lodgement with the ATO, as well as estate planning and asset succession implications. MGI Dobbyn Carafa Pty Ltd ( MGI Dobbyn Carafa ) is a Melbourne-based company that provides accounting, tax and corporate advisory services to corporate clients in Australia consisting of accounting and tax compliance, tax consulting, corporate advisory, superannuation, and audit and assurance services.

Parties

Acquirer
Ascentium AU Oxygen Holdings Ltd Company No: 415475
Target
MGI DOBBYN CARAFA PTY LTD ABN - 53 121 160 138
Other parties
LUMIERE PRIVATE ADVISORY PTY LTD ABN - 37 626 673 032, IN.CORP ADVISORY (AU) PTY LTD ABN - 87 147 896 517, Hillhouse Investment Management, Ltd. CR No. 147297, OXYGEN PRIVATE CLIENTS PTY LTD ABN - 82 128 479 158

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