Optasia shareholders have concluded a sale agreement whereby an existing shareholder has acquired a further 13.0% shareholding in Optasia from other shareholders, including certain TRG Funds. The Transaction valued Optasia at a 31 December 2024 enterprise valuation of US$1 billion (representing a 12.8x EV\EBITDA multiple).
Optasia currently operates in 40 countries across Africa, the Middle East, Asia, Latin America and Europe. Through its network of distribution and financial partners, the business has unique access to over 900 million subscribers via over 60 deployments. Optasia’s technology platform enabled c.US$3.8 billion in distributed financing value for the year ended 31 December 2024.
“An existing shareholder increasing their stake reflects confidence in Optasia’s ongoing expansion of products and customers, leveraging our world leading B2B2X lendtech platform to deliver inclusive growth across emerging markets,” explained Bassim Haidar, Optasia Founder and Chairman.
“Optasia continues to deliver strong growth into a largely untapped addressable market, with this transaction aimed at balancing shareholder interests and enhancing flexibility around ultimate exit options”, said Michael Jensen TRG Africa Managing Director.
“This transaction is a clear demonstration of the growth opportunities we see in markets beyond the U.S. Optasia exemplifies how digitalization is transforming access to financial services, enabling scalable platforms in some of the world’s most dynamic economies,” added Nick Rohatyn, TRG’s CEO.
About TRG
Founded in 2002, The Rohatyn Group specializes in emerging markets and real assets. Headquartered in New York, the firm is comprised of over 150 professionals based in 16 countries across North and South America, Europe, the Middle East, Africa, India, Southeast Asia, and Oceania. In 2023, TRG acquired most of the business of Ethos Private Equity, a leading alternative asset management firm in Africa, strategically expanding capabilities in the region. Combining forces with Ethos positions TRG to deliver a larger array of investment solutions in emerging markets.