In 2022, Pemba Capital Partners, a leading investor in high-growth software businesses, orchestrated a scheme-of-arrangement that resulted in the de-listing of MSL Solutions from the ASX. This milestone event marked the beginning of the powerful synergy created by the union of MSL Solutions and Oolio Group, positioning us as the market’s premier supplier of hospitality and sports software solutions.
As part of the newly formed Oolio Group, we take pride in being a global leader and trusted solution provider to approximately 20,000+ hospitality venues. The Oolio Group now encompasses renowned brands such as SwiftPOS, OrderMate, GolfBox, Bepoz, Idealpos, Deliverit, and the Oolio platform. With offices in Australia, New Zealand, USA, Denmark, and the UK, our diverse team of over 350 staff members is dedicated to driving innovation and delivering outstanding results.
Tony Toohey was appointed as an Executive Director and Chairman on 1st September 2019. Tony is a highly accomplished senior executive with over 35 years in the gaming, hospitality, leisure and technology industries with a proven track record of success in creating sustainable competitive advantage and a strong platform for continuing growth. Tony is the former Managing Director, CEO & Executive Chairman of ASX listed Intecq & eBet Limited. Intecq & eBet Limited was acquired by Tabcorp in Dec 2016 for $128 million. Tony served as GM Business Development Gaming Tabcorp from 2016 until July 2018.
Earl joined the Board in April 2019, bringing a wealth of experience as a senior corporate executive within the sports industry. Managing Director of The Riskcom Group, Earl was North Melbourne Cricket Club President from 2001 until November 2008. He was a Director of Cricket Victoria from 2006-2015 and held the position of Deputy Chairman from 2008-2015. Earl also served as Co-Chair of the Victorian Indigenous Cricket Advisory Committee.
Richard was appointed as a non-executive Director in December 2007. He brings corporate experience across multiple industry sectors to the Company. He joined MSL from VLRQ Pty Ltd where he served as a Director from 1998 to 2004. He was a Director of Kenlynn Property Syndicates Pty Ltd from 1997 to 2000, and co-founded The BOH Dental Group, in 1976. He left in 1997 to pursue interests in the Property and Retirement Living sectors. He currently serves as Chairman of Verton Technologies Aust Pty Ltd and is a Director of Holmac Holdings Pty Ltd. Richard holds a Bachelor of Dental Science degree from the University of Queensland.
Dr Kelly has over 20 years of combined experience within the sports, marketing, law, education and waste management sectors, having served on a range of corporate, government and not-for-profit boards. Passionate about sports and its impacts on local, national and international communities, Sarah is an Associate Professor in Law and Marketing at the University of Queensland and an experienced commercial lawyer. She is globally known for her research, teaching and consulting in the sports field and is also leading a research hub at UQ in Trust, Ethics and Governance.
David Trude joined the Board in 2017 bringing over 40 years’ experience as a senior corporate executive within the banking and securities industries. He was formerly Managing Director, Australian Chief Executive Officer/Country Manager of Credit Suisse, Australia for 10 years from 2001. He has served as Chairman of Baillieu Holst Limited since 2010 having been a Board member since 2007, is Chairman of Waterford Retirement Village, Hansen Technologies Limited and East West Line Parks Pty Limited, a member of the Board of Chi-X Australia Pty Ltd and non-executive Director of Acorn Capital Investment Fund Limited, an ASX listed entity. David holds a Bachelor of Commerce Degree from the University of Queensland, is a Senior Associate of the Financial Services Institute of Australasia, a member of the Australian Institute of Company Directors and Master Member of the Stockbrokers and Financial Advisers Association.
David Usasz joined the Board on 5 February 2020. David has over 40 years’ experience in business in Australia and Hong Kong, including over 20 year as a partner of PricewaterhouseCoopers (and its predecessor organisations). He has been involved in tax, mergers and acquisitions advice and corporate advisory consultancy specialising in corporate reorganisations. He is currently Non-Executive Chairman on ASX-listed Smiles Inclusive Limited (ASX:SIL) and has previously held the position of Non-Executive Director of ASX-listed entities Cromwell Property Group, Queensland Mining Corporation Limited, GARDA Diversified Property Fund and GARDA Capital Group. David was also a Non-Executive Director of Queensland Investment Corporation (QIC). David holds a Bachelor of Commerce from the University of Queensland and is a Fellow of the Institute of Chartered Accountants.
MSL Solutions Limited to be acquired by Pemba Capital Partners at an equity value of $119 million, equivalent to 29.5 cents per share via a Scheme of Arrangement.
View ASX Announcement (PDF)
FIRB approval received for Scheme, Pemba Fund II acquisition and Plutus acquisition.
View ASX Announcement (PDF)
Court orders convening of Scheme Meeting and distribution of Scheme Booklet.
View ASX Announcement (PDF)
|Dispatch of Scheme Booklet to MSL Shareholders||By Friday, 16 December 2022|
|Latest time and date for receipt of proxy forms for the Scheme Meeting||10:00am on Sunday, 29 January 2023|
|Time and date for determining eligibility of MSL Shareholders to vote at the Scheme Meeting||7:00pm (AEDT) on Sunday, 29 January 2023|
|Scheme Meeting held||10:00am on Tuesday, 31 January 2023|
|Second Court Date||9:15am (AEDT) on Tuesday, 7 February 2023|
|Lodge Court order with ASIC (Effective Date)||Wednesday, 8 February 2023|
|Record Date||Friday, 10 February 2023|
|Implementation Date||Friday, 17 February 2023|
These times and dates are indicative, subject to Court availability and the satisfaction (or, if applicable, waiver) of the conditions precedent to the Scheme, and subject to change.
If you have any questions in relation to the Scheme or the Scheme Booklet, please contact the MSL Shareholder Information Line on 1300 916 762 (within Australia) or +61 3 9415 4860 (if calling from overseas) Monday to Friday between 8.30am and 5.00pm (AEDT).