MFS Capital Partners Limited Signs MOU for The Acquisition of Century Business Machines Limited

• MFS Capital Partners has signed and entered into a Memorandum of Understanding (MOU) with Century Business Machines Limited (CBM) to acquire a 100% stake in the company, effective March 18, 2026.
• Century Business Machines Limited (CBM) is a leading Jamaican provider of office supplies, technology, and furniture, offering comprehensive workplace solutions backed by decades of reliable service, quality products, and strong customer support.
• The MOU sets the framework for exclusive negotiations between the parties and outlines the key terms and conditions for the proposed transaction. The acquisition remains subject to the satisfactory completion of due diligence, the negotiation and execution of definitive agreements, and the receipt of any required regulatory approvals.
• The acquisition forms part of MFS Capital's growth strategy and is expected to significantly enhance the Company's revenue base and portfolio diversification.
• MFS’s stock price has declined by 2.6% since the start of the year to close at $0.40 on Monday, March 23, 2026. At this current price, its P/E of 3.5x is below the Junior Market Financial Sector average of 14.1x.

(Source: JSE)