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New Deal


Announced

Completed

Opportunity Financial went public via merger with FG New America Acquisition in an $800m deal.

Financials

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Transaction Value£580m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Reverse Takeover

financial technology platform

Majority

Merger

FinTech

United States

Private

Domestic

Acquisition

Friendly

Single Bidder

De-SPAC

Private Equity

Completed

Synopsis

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Opportunity Financial, a financial technology platform, went public via merger with FG New America Acquisition, a special purpose acquisition corporation, in an $800m deal. "I am extremely proud of the success and growth OppFi has experienced since its inception. More importantly, we help customers access a better financial path with the superior experience they deserve. This is an exciting stage in the company's evolution, which we believe will enable us to further expand our mission and be the financial destination for the tens of millions of everyday consumers that need access more than ever," Todd Schwartz, OppFi Founder and Executive Chairman.

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