The private equity firm, MFS Capital Partners, says it has successfully completed 100 per cent acquisition of Microfinancing Solutions Limited.
The company says the transaction, which was first announced at the end of 2022, was finalised in time for the close of MFS Capital Partner'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.
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