ANV Group Holdings to Acquire Open Lending Corporation for $222.57 Million

ANV Group Holdings Ltd. has announced a merger agreement with Open Lending Corporation (LPRO) in a deal valued at $222.57 million.

Deal Structure:

As per the details of this agreement, ANV Group Holdings Ltd. proposes to acquire Open Lending Corporation at $3.15 per share in cash through an all-cash tender offer. This represents a premium of 50% on Open Lending Corporation’s last price.

Following the successful completion of the tender offer, ANV will acquire all remaining shares of Open Lending common stock not tendered in the tender offer through a second-step merger at the same price as in the tender offer.

In case the merger agreement gets terminated by either Open Lending Corporation or ANV Group Holdings Ltd., a termination fee of $13.58 million would be payable to the other party. The deadline for the completion of this merger, as stated in the agreement, is October 15, 2026.

Company Profile:

ANV Group Holdings Ltd. is an independent, global insurance intermediary platform operating across the United States, the United Kingdom and Europe.

Open Lending provides loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders throughout the United States.

Deal Details and Timeline:

The deal is projected to be finalized by September 2026.

Open Lending Corporation was financially advised by Financial Technology Partners and had Jones Day as its legal advisor. ANV Group Holdings Ltd, on the other hand, received financial guidance from Evercore and legal counsel from Paul, Weiss, Rifkind, Wharton & Garrison.

The stock is optionable.

The acquisition price set by ANV Group Holdings Ltd. values Open Lending Corporation at 2.78 times its sales and 31.87 times its EBITDA.

Deal Metrics and Analysis:

For a detailed analysis and in-depth understanding of this merger and acquisition transaction, please visit the detailed Deal Metrics page here:

Deal Metrics for the acquisition of Open Lending Corporation (LPRO) by ANV Group Holdings Ltd. (N/A)

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• A detailed spread history chart of the merger from announcement to completion or failure.
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• A comprehensive history of deal updates.
• And much more information.

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