MPS Ltd

Another Acquisition

Liberate Learning Pty Ltd (Australia), Liberate eLearning Pty Ltd (Australia), App-eLearn
Pty Ltd (Australia), and Liberate Learning Limited (New Zealand) (“Liberate Group”).

MPSi agreed to acquire 65% of the shares held by the shareholders of each entity of
Liberate Group for a consideration of AUD 9.32 Million which is payable as per the terms
of SPA and other transaction documents.
The remaining 35% shareholding of each of the entities of Liberate Group will be acquired
by MPSi in subsequent tranches based upon valuation methodology as agreed under the
transaction documents.

Looks like a 50 crore acqusition (for 65%) of a co doing a revenue of 45 cr at 40% margin !!

Here is the link to the Liberate group https://www.liberatelearning.com.au/ Client profile looks whose who in Aus, starting from BHP Billiton onwards !!

PS – invested