Pushpay bidder emerges with 20% stake

An Australian private equity firm, BGH Capital, and a large Pushpay shareholder, Sixth Street Partners, have been revealed as the group making a bid to buy the church donation platform. Disclosures made to the NZX this morning showed the two firms and their associated entities had agreed to work together to negotiate an acquisition of Pushpay Holdings in a scheme of arrangement.The cooperation agreement signed by the two parties prevents either from selling their shares without prior written consent.BGH’s investment vehicle, Oceania...