A consortium of HarbourVest Partners, LLC, MLC Investments Limited, Cbus Industry Superannuation Fund led by Potentia Capital Pty. Ltd. made a bid to acquire Tyro Payments Limited (ASX:TYR) from Grok Ventures Pty. Ltd. and others for AUD 660 million on September 8, 2022. The bid is subject to completion of due diligence over a proposed 6-week timeframe, execution of definitive transaction documentation, obtaining all necessary regulatory approvals including APRA and FIRB, securing the support of Tyro's board. The bid has been rejected by the board of Tyro stating the bid as insufficient. The board of tyro recommends the shareholders of Tyro to take no further action. As of May 21, 2023. POTENTIA has WITHDRAWn FROM CHANGE OF CONTROL DISCUSSIONS.