Aug 6 (Reuters) - Australia's Infomedia ( IFMDF ) said on

Wednesday it has agreed to be acquired by the Asia-focused

private equity arm of asset manager TPG for an equity

value of A$651 million ($421.33 million).

Under the deal, shareholders in the ASX-listed firm would

receive A$1.72 per share, reflecting an over 30% premium as

compared to the stock's close on Tuesday.

Infomedia ( IFMDF ) provides software as a service (SaaS) solutions

for the global automotive and motor service sector, offering

clients data-driven solutions. It counts global carmakers BMW

, Audi and Cadillac among its customers, according to

its website.

The A$1.72 per-share offer sits close to what was offered

for the firm back in 2022 by potential suitors from the United

States.

The cash consideration reflects an enterprise value of A$579

million, the company said.

Infomedia ( IFMDF ) is also allowed to pay its shareholders a fully

franked dividend of up to 2 Australian cents per share for

fiscal 2025 and a further special dividend of up to 2.9

Australian cents apiece.

($1 = 1.5451 Australian dollars)