ANV Group to Acquire Open Lending for $1.3 Billion in All-Cash Deal at 78% Premium

In a transaction that highlights the growing convergence of insurance and lending technology, ANV Group Holdings Ltd. announced on June 16, 2026, that it has entered a definitive agreement to acquire Open Lending Corporation (NASDAQ: LPRO), a leading provider of insurance-backed lending enablement and risk analytics solutions for financial institutions. ANV will acquire all outstanding shares of Open Lending common stock for $3.15 per share through an all-cash tender offer.

The purchase price represents a premium of approximately 78% to Open Lending's 90-day volume-weighted average price (VWAP) as of June 15, 2026 — the last trading day before the announcement — delivering significant and immediate value to Open Lending stockholders. The transaction has been unanimously approved by Open Lending's Board of Directors and is expected to close in the third quarter of 2026, subject to customary closing conditions including regulatory approvals.

Open Lending, founded more than two decades ago, partners with credit unions and other financial institutions to expand access to automotive financing. Its proprietary risk-decisioning technology and insurance-backed credit structure help lenders manage risk, improve loan performance, and serve borrowers who would otherwise have limited access to affordable auto credit. The company has facilitated over one million auto loans since inception and is regarded as the market leader in its niche.

ANV is an independent, global insurance intermediary platform operating across the United States, the United Kingdom, and Europe. It was formed in December 2025 following a strategic transaction in which AmTrust Financial Services and Blackstone Credit & Insurance spun off a portfolio of AmTrust's managing general agencies and fee-based businesses into an independent company. Notably, AmTrust has been a partner with Open Lending for over 15 years, supporting the Lenders Protection program since 2010, with the partnership extended in August 2025 through 2033. Adam Karkowsky, Chairman and CEO of ANV, said the deal directly advances the group's insurance-backed credit strategy and strengthens its US presence, reinforcing credit as a core insurance product. Jessica Buss, Chairman and CEO of Open Lending, said the transaction provides capital, stability, and strategic support to accelerate product innovation.