Platform
OnlyFans Valued at $3.15B as Parent Company Sells 16% Stake to Architect Capital
Fenix International Ltd., the U.K.-based parent company of OnlyFans, has sold a 16% minority stake to San Francisco-based Architect Capital for $535 million, valuing the platform at $3.15 billion.
The transaction follows the death of OnlyFans owner Leonid Radvinsky last month at the age of 43. His widow, Yekaterina “Katie” Chudnovsky, has since assumed control of Fenix International. The sale represents a shift from earlier reports in January that OnlyFans had been in talks to sell a majority 60% stake to Architect Capital, as well as prior discussions about a sale to a consortium led by Los Angeles-based Forest Road Company.
Moelis & Co. is serving as Fenix International’s exclusive financial adviser. Skadden, Arps, Slate, Meagher & Flom is acting as legal counsel to Fenix, and Sullivan & Cromwell is representing Architect Capital.
Platform Financials
OnlyFans reported $7.22 billion in gross revenue for fiscal 2024, a 9% year-over-year increase, reflecting fan payments made directly to creators. Net revenue reached $1.41 billion, up 8%, and pre-tax profit totaled $684 million, up 4%, for the fiscal year ended November 30, 2024. Since launching in 2016, the platform reports facilitating more than $25 billion in total payments to creators.
OnlyFans currently counts more than 4 million registered creator accounts and 377 million registered fan accounts worldwide.
Strategic Direction
Architect Capital, which describes itself as an asset manager focused on FinTech, e-commerce, and SaaS companies, will support OnlyFans in expanding financial services for creators. The companies cited creators’ limited access to traditional banking products as a key driver of the partnership.
“Our mission has always been to empower creators and fans by providing a unique set of tools to create, monetize, and engage with content online,” OnlyFans CEO Keily Blair said in a statement. “This strategic investment reflects our success in delivering this mission, and will enable us to build additional services and features to support our creator community.”
Architect Capital CEO James Sagan described OnlyFans as “a category-defining platform with a powerful global brand, a deeply engaged community, and a proven model at the center of the creator economy.”
Source: Variety
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