Overview of Transaction

• On June 16, 2026, ANV Group Holdings Ltd. (“ANV”) announced it had entered into a definitive agreement to acquire Open Lending Corporation (NASDAQ: LPRO) in an all-cash tender offer with an equity value of approximately $390 million
• The purchase price of $3.15 per share represents a 78% premium to Open Lending’s 90-day VWAP, providing stockholders with compelling and immediate value while positioning Open Lending to continue its strategic transformation as part of a broader insurance-backed credit platform ⁽¹⁾
• ANV is an independent, global insurance intermediary platform operating across the United States, the United Kingdom and Europe, bringing together a portfolio of established specialist MGAs that provide a diversified range of insurance products
• Open Lending is a leading provider of insurance-backed lending enablement and risk analytics solutions to the automotive lending market, helping financial institutions manage risk, improve loan performance and expand access to credit

Significance of Transaction

• This acquisition brings together ANV’s global insurance platform and insurance-backed credit strategy with Open Lending’s differentiated automotive lending enablement platform and long-standing financial institution relationships
• Together, ANV and Open Lending are expected to advance a scaled, insurance-backed credit platform, while providing Open Lending with access to capital, expanded market and distribution relationships and strategic support for long-term growth

FT Partners' Role

• FT Partners served as financial advisor to Open Lending in connection with the transaction
• This transaction exemplifies FT Partners’ ability to deploy deep sector expertise for a complex business operating at the intersection of Consumer Finance, InsurTech and Automotive Lending Enablement
• The engagement further highlights FT Partners’ experience advising public company clients through complex strategic M&A and take-private transactions