Huljich family sells Pushpay stake for $320m

Tue, 23 Mar 2021

Early investors in Pushpay Holdings, Peter and Christopher Huljich, have sold their stake in the company to US-based investment firm Sixth Street Partners.Sixth Street now owns 17.8% of the church management software company having bought 173 million shares from the Huljich family for $320 million, or $1.85 each.Pushpay shares jumped 6.2% to $1.88 this morning but were trading at just $1.81 when the deal was finalised yesterday.Chair Graham Shaw welcomed Sixth Street as a “new cornerstone investor” with the acquisition making it the...

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