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OnlyFans – a large group of adult creators where athletes and influencers sell their subscriptions directly to fans – is considering selling a large part of its business to investment firm Architect Capital, a source close to the transaction told TechCrunch. The deal would benefit the platform at $5.5 billion.
The source said that of the $5.5 billion, $3.5 billion will be equity and $2 billion will be debt. Under these terms, the Architect can take a 60% stake in the business. These two parties are exclusive, meaning that OnlyFans are restricted from communicating with other buyers for a set period of time. It is unclear when the project will be completed. Discussions were it has already been said and the Wall Street Journal.
TechCrunch has reached out to Architect Capital for comment.
This is not the first time in recent memory that OnlyFans has been in talks to sell its business. Last year, the New York Post he said that Leonid Radvinsky, one of the billionaires of the area, wanted to “cash out,” and was attracting buyers. Results to announce indicated that the platform’s parent company, Fenix ​​​​International Ltd., was negotiating with a US-based financial group led by the Los Angeles-based investment firm Forest Road Company. It’s not clear what happened in those discussions, though a source told TechCrunch that there has been a lot of interest since OnlyFans announced its intention to sell more shares.
A potential entrepreneur in this business, Architect, it was launched in 2021 as an asset-backed lender – a company that issues loans secured by corporate assets – which appears to be related to it basic basics.
OnlyFans insists that it is not a pornographic website, although many developers on it release great content. A British company, the site was founded in 2016 by Tim Stokely, who previously served as its CEO. Stokely he sold a lot of stock of the parent company of the site, Fenix ​​​​International, to Radvinsky in 2018. Over the years, he has suffered from various types. legal disputes, including cases to challenge the site to profit from violent videos.
