Harmos Horton Lusk advises Pushpay on NZ$1.54 billion takeover by scheme of arrangement

Harmos Horton Lusk is advising NZX/ASX dual listed Pushpay Holdings Limited on the Sixth Street and BGH Capital shareholder consortium’s acquisition of Pushpay by scheme of arrangement. The proposed scheme values Pushpay at NZ$1.54 billion and is expected to be implemented in Q2 of 2023, subject to the satisfaction of various conditions, including shareholder and High Court approval.

The firm is the lead legal adviser to Pushpay, including advising on transaction structuring, negotiation of key definitive documents, and regulatory and governance matters.

Pushpay is a vertical “Software as a Service” payments and technology company that provides mobile-first software tools such as a donor management system, including donor tools, finance tools and a custom community app, a church management system, and video streaming solutions to the faith sector, non-profit organisations and education providers. Sixth Street is a global investment firm and BGH Capital is an Australia and New Zealand-focused private equity firm.

The Harmos Horton Lusk team is led by directors Nathanael Starrenburg and Annie Steel and includes senior associate Jason Maddox and associate Anthony Ellis.