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- Pushpay Holdings (PPH) says it has been inundated with unsolicited acquisition offers
- The company reported it had received non-binding and conditional expressions of interest from third parties looking to take over Pushpay
- As such, PPH has appointed Goldman Sachs to assist as financial adviser but points out there is no certainty that these approaches will result in any transaction
- Pushpay reaffirms its guidance for the full year ending March 31, with an underlying EBITDA of between US$61.5 million and US$63.5 million (roughly A$85.6 million and $88.4 million)
- PPH shares last traded at 96 cents on April 22
Pushpay Holdings (PPH) says it has been inundated with unsolicited acquisition offers.
The company offers a donor management system focusing on charities within the faith sector. Its software system incorporates finance tools, a church management system and video streaming solutions.
Pushpay reported that it had received non-binding and conditional expressions of interest from third parties looking to acquire the company.
It has appointed Goldman Sachs to assist as financial adviser.
The company said there was no certainty the unsolicited approaches would result in a transaction.
Pushpay reaffirmed is guidance for the full year ending March 31 2022, with an underlying EBITDA of between US$61.5 million and US$63.5 million (about A$85.6 million and $88.4 million).
With the costs of investment into the Catholic initiative excluded – which involved introducing technology and apps to the church – the company’s underlying EBITDA for the year is estimated to come in at between US$63.5 million and US$65.5 million (about A$85.6 million and $91.2 million).
PPH shares last traded at 96 cents on April 22.
