TRG-backed Afiniti secures $15mn investment amid successful restructuring

TRG Pakistan Limited said that it has been informed by its associate The Resource Group International Limited that TRGI portfolio company Afiniti, Ltd., a global customer experience and artificial intelligence provider, has successfully completed its financial restructuring and recapitalization transaction. 

The process, led by secured lenders including Vista Credit Partners, received court approvals in Bermuda and the United States.

As part of the transaction, TRG’s associate, The Resource Group International Limited (TRGI), invested $15 million in Afiniti through a second-lien convertible debt instrument. 

This investment ensures that TRG retains a substantial indirect economic interest in Afiniti on a fully diluted basis, subject to future adjustments.

This transaction was initially announced by TRG Pakistan through its PSX disclosure on September 20, 2024, and was recently completed following court approvals in Bermuda and the United States.