Mergers & Acquisitions ·
Open Lending Corporation completed its acquisition by ANV Group Holdings Ltd. on July 30, 2026, following a tender…
LPROOpen Lending Corp
Open Lending Corporation completed its acquisition by ANV Group Holdings Ltd. on July 30, 2026, following a tender offer that expired on July 27, 2026. The company accepted all validly tendered shares at $3.15 per share in cash, representing approximately 85.57% of outstanding stock. Parent financed the transaction with $100.0 million in committed equity and $250.0 million in committed debt. Upon closing, Open Lending became an indirect wholly-owned subsidiary of ANV Group Holdings Ltd., triggering a change in control. The company's common stock was delisted from Nasdaq, and its existing credit agreement with Wells Fargo Bank was terminated and repaid in full. Outstanding equity awards were accelerated, vested, and converted into cash payments based on the $3.15 per share consideration. Open Lending Corporation operates in the financial technology industry, providing digital lending solutions.