MFS Capital Partners (MFS), has announced that it has successfully completed the 100% acquisition of Microfinancing Solutions Limited. The transaction, which was first announced at the end of 2022, was finalised in time for the close of MFS CAP’s third quarter on March 31, 2024. This transaction marks the first major deal executed since the company was acquired in 2022 and subsequently renamed. Microfinancing Solutions is now the flagship operating entity in the company’s portfolio.
Microfinancing Solutions is a Kingston-based money services company that began operations in 2010 as a microlender. Since then, it has expanded its operations into other areas of finance, including FX trading, remittances, bill payment services and private credit. Furthermore, the company has gone on to take equity positions in several other entities.
Through this strategic acquisition, MFS CAP strengthens its presence in the local finance market, expanding its financial products and services offerings. By leveraging the combined expertise and resources of both entities, MFS CAP aims to enhance its ability to meet the evolving needs of clients and drive sustainable growth and value for shareholders.
“We are very excited that we have arrived at the completion of our first acquisition as MFS CAP.” said Dino Hinds, CEO of MFS CAP. “The acquisition of Microfinancing Solutions aligns with our strategic vision of targeting companies operating in the financial services space, as well as companies that show strong growth potential or possess a robust balance sheet. This deal positions us to move forward in executing other key transactions that will significantly improve MFS CAP’s financial position and increase value for our shareholder.”
Microfinancing Solutions will continue to operate under its current brand name, from its current locations, with its existing management team, led by Tamar Webley, who has been at the helm of the company for the last 12 years since it began operations.
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About MFS Capital Partners
MFS Capital Partners [JSE: MFS] is a dynamic private equity firm specialising in investments within the financial services and real estate sectors. With a focus on identifying opportunities in entities showing strong growth potential or a robust balance sheet, MFS CAP leverages its expertise, resources, and network to drive value creation and sustainable growth.
The firm’s seasoned team of professionals combines over 100 years of industry knowledge with a proactive approach to investment, enabling MFS CAP to capitalise on emerging trends and market opportunities.
Fostering innovation, driving operational excellence, and creating value for all stakeholder, MFS CAP is a trusted partner for companies seeking strategic capital and expertise to accelerate their growth and achieve their objectives.
About Microfinancing Solutions Limited
Micro Financing Solutions Limited is a Kingston-based private company that began operations in 2010 as a microlender. Since then, the company has expanded its operations into other areas of business, including FX trading, remittances, bill payment services and private credit. It has also gone on to take equity positions in several other entities. The company currently operates from 3 locations in Kingston and is led by a team of executives boasting over 30 years of combined industry experience.
Contact
Dino Hinds
CEO
MFS Capital Partners Limited
(876) 509-0395
