MFS Capital Partners Acquires Microfinancing Solutions

Private equity firm, MFS Capital Partners, says it has successfully completed the acquisition of 100 per cent of shares in Microfinancing Solutions Limited.

Microfinancing Solutions Limited is a Kingston-based private company that began operations in 2010 as a microlender.

Since then, the company has expanded its operations into other areas of business, including FX trading, remittances, bill payment services and private credit.

The transaction, which was first announced at the end of 2022, was finalised in time for the close of MFS Capital’s third quarter on March 31, 2024.

The firm says 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.

The company has also gone on to take equity positions in several other entities.

Through this strategic acquisition, MFS Capital has strengthened its presence in the local finance market, expanding its financial products and services offerings.

Microfinancing Solutions will continue to operate under its current brand name, from its current locations, with its existing management team, led by Tamar Webley, who has been at the helm of the company since inception 12 years ago.