Open Lending to be acquired by ANV
ANV Group Holdings, a global insurance intermediary platform, and Open Lending, a provider of insurance-backed lending enablement and risk analytics solutions for financial institutions, have entered into a definitive agreement whereby ANV will acquire all outstanding shares of Open Lending common stock for $3.15 per share through an all-cash tender offer. The transaction price represents a premium of approximately 78% to Open Lending’s 90-day volume weighted average price as of June 15, 2026. The total equity value of the deal is ~$372 million. Upon the completion of the transaction, Open Lending will become a privately held company.
Founded more than two decades ago, Open Lending partners with financial institutions across the United States to help expand access to automotive financing. Open Lending’s risk decision-making technology and insurance‑backed credit structure helps lenders manage risk, improve loan performance, and expand access to credit. In mid-2021, Open Lending had a market capitalization of over $5.4 billion.
ANV is an independent, global insurance intermediary platform operating across the United States, the United Kingdom, and Europe. Formed in 2025 following a transaction between AmTrust Financial Services and Blackstone Credit & Insurance, ANV operates a growing portfolio of specialty insurance businesses across a diverse range of risk and insurance products. Joining ANV will provide Open Lending with access to capital, expanded market and distribution relationships, and strategic support for long-term growth and value creation.
For ANV, the acquisition represents the addition of a specialty underwriting business that fits well within its existing business segments and is consistent with ANV’s approach to driving growth through strategic M&A. The addition of Open Lending is expected to strengthen and expand ANV’s US footprint and reinforce credit as a core insurance product for the group.
“ANV brings deep domain expertise in insurance-backed credit and a long-term perspective that aligns closely with our strategy. This transaction delivers compelling and immediate value for our stockholders while providing Open Lending with the capital, stability, and strategic support to accelerate product innovation, deepen relationships with our financial institution partners, and drive sustainable growth over the long term.” – Jessica Buss, Chairman and CEO of Open Lending.
“We are thrilled to welcome Open Lending to ANV. This transaction directly advances our insurance-backed credit strategy, and we see significant value creation ahead, both from the business on its own merits and through the opportunities it creates across our broader platform. We have tremendous confidence in the management team and the future we’ll build together. Open Lending will continue to serve its customers and distribution partners as it does today, while benefiting from ANV’s platform and resources.” – Adam Karkowsky, Chairman and Chief Executive Officer of ANV.
