Further to Andrews post, PushPay have come out of their trading halt with the statement below.

The latest announcement indicates there are several parties interested so we might have a bit of an auction on our hands.

I can only interpret it as saying "PushPay is up for sale at the right price so anyone interested should put their best foot forward"

I still think it has a bright future particularly if they can get the Catholic Church on board but the acquirers are probably thinking the same. 

It would be a shame to see PPH go but much has changed since the founders left the business.

(I own IRL and SM)

Pushpay update on expressions of interest process

Auckland, New Zealand | Redmond, Washington; Colorado Springs, Colorado; Plano, Texas, US – 24 May 2022 (NZT)

On 26 April 2022, Pushpay Holdings Limited (NZX: PPH, ASX: PPH) advised that it had received unsolicited, nonbinding and conditional expressions of interest or approaches from third parties looking to acquire the Company. The Board appointed Goldman Sachs to assist as financial advisor.

Since the April announcement, Pushpay has received additional interest from multiple parties.

Today interests associated with two existing shareholders (BGH Capital and Sixth Street) have advised that they have entered into a co-operation agreement with respect to a potential transaction involving Pushpay.

Pushpay notes that the agreement is not a definitive transaction agreement and can be terminated immediately by either party on notice to the other. The terms of the agreement are attached to the substantial product holder notices released by the parties.

Pushpay has not entered an agreement with any party, including either or both of BGH Capital and Sixth Street, to implement a transaction.

Pushpay is continuing with a process that is already underway and is in an early stage with multiple parties, to explore the potential for a transaction which is in the best interests of shareholders as a whole.

There is no certainty that this process will result in any transaction.

Contact Gabrielle Wilson | Investor Relations | Pushpay Holdings Limited

Thanks mikebrisy, I do appreciate your summaries. 

I haven't listened to the PushPay Presentation yet but will do so ASAP.

I too have Matt Joass to thank for my PPH holding. We must have been members of PRO at the same time.

IMHO, PushPay has a huge opportunity in front of them, if management can execute, we'll reap the rewards.

PPH is my largest SM holding and my 4th largest in RL. 

@Mikebrisy, a nice summary of your thoughts - Thanks.