Ethos Capital partially realizes Optasia stake for $7.3m

EPE Capital Partners Ltd (JSE:EPEE) has announced a partial realization of its stake in Optasia, a major portfolio company representing approximately 48% of its NAV as of December 31, 2024. Through the TRG Funds, Ethos Capital sold 0.81% of Optasia's equity for US$7.3 million to an existing shareholder, valuing Optasia at US$1 billion based on a 12.8x EV/EBITDA multiple. The transaction, expected to close today, March 31, 2025, will result in proceeds of approximately R134 million and increase Ethos Capital's Optasia valuation by about 13% compared to the end of 2024. The company stated that proceeds will be used to maximize shareholder returns and potentially reduce leverage, with options including debt repayment or share repurchase programs currently under consideration.