Private equity firm Pemba Capital to acquire MSL Solutions in $120 million deal

November 16, 2022

Australian-based private equity firm Pemba Capital Partners is to acquire venue point-of-sale platform MSL Solutions in a deal reported to be worth $120 million.

Pemba Capital will pay A$0.295 for each MSL share, implying a premium of 78.8% to the stock's last close on Monday.

In a statement, MSL advised that it's board has unanimously backed the deal on the condition that it does not receive a higher bid and has recommended shareholders to vote in its favour of the acquisition.

As reported by the Australian Financial Review, MSL's board had been encouraging Pemba Capital "through due diligence and scheme negotiations, keen to lock down its suitor’s generous offer".

MSL Solutions itself as the leading SaaS technology provider to the sport, venue and hospitality sectors, servicing stadiums and arenas, pubs and member clubs, sporting associations and restaurants and cafes.

The company reported $33.9 million revenue and $5.3 million EBITDA in the year to 30th June.

Its biggest shareholder is Sydney fund manager Microequities Asset Management, which last disclosed a 12.3% stake.

Image: MSL Solutions Click n Order app.

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5th October 2021 - MSL Solutions acquires Australian POS business OrderMate for $7.5million

26th August 2021 - O’Brien Group selects MSL POS technologies for AAMI Park

14th April 2021 - MSL and Doshii form multi-year partnership

24th February 2021 - MSL Solutions release new software helping venues to navigate constantly changing trading conditions

7th December 2020 - MSL Solutions and me&u form strategic partnership to accelerate mobile ordering

21st September 2020 - MSL agrees multi-year POS agreement for Perth’s RAC Arena

9th December 2020 - BGH Capital confirmed as Village Roadshow’s new owners

18th May 2020 - MPower MSL announces partnership with EPOS and mobile payment software supplier Kappture

4th December 2019 - Independent Liquor Group partners with MPower MSL to deliver Point of Sale technology choices

3rd September 2019 - New MPower MSL Chief Executive appointed to lead growth strategy

16th May 2019 - Cricket Australia Chairman Earl Eddings joins MPOWER MSL Board

11th December 2018 - MSL acknowledged among fastest growing companies in Asia Pacific

12th June 2018 - MPower MSL looks to Arabian Gulf expansion

10th May 2017 - MSL Solutions attains Australian Stock Exchange listing

18th December 2016 - MSL’s MPower Golf technology expands internationally

18th November 2016 - MSL Solutions raises $16 million ahead of public trading

3rd November 2016 - Hospitality software provider Verteda acquired by MSL Solutions

3rd February 2016 - MSL Solutions acquires InfoGenesis Australia

21st February 2014 - MSL Solutions Limited acquires GOLF Link Partners

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