ANV Group Holdings Acquires Open Lending

Paul, Weiss advised global insurance intermediary platform ANV Group Holdings Ltd. on its acquisition of Open Lending Corporation, a leading provider of insurance-backed lending enablement and risk analytics solutions for financial institutions. Under the terms of the deal, ANV acquired all outstanding shares of Open Lending common stock for $3.15 per share through an all-cash tender offer. Open Lending is now a privately held company and has been delisted from the Nasdaq.

ANV, formed following a strategic partnership between AmTrust Financial Services and Blackstone Credit & Insurance, operates a growing portfolio of specialty insurance businesses across a diverse range of risk and insurance products. The Open Lending acquisition strengthens and expands ANV’s U.S. footprint while reinforcing credit as a core insurance product for the group.

The Paul, Weiss team was led by corporate partner Adam Givertz and included partners David Tarr, Benjamin Wilkinson, Rohan Dey, Christian Kurtz and counsel Marta Ferrari; antitrust partners Christopher Wilson, Scott Sher, Yuni Sobel and Chad de Souza; tax partners Scott Sontag, Cian O’Connor, Deeksha Rathi and counsel Alyssa Wolpin; intellectual property partner Jonathan Ashtor and counsel Matthew Rosenberg; litigation partners Geoffrey Chepiga, Janus Schutte, John Carlin, Katherine Forrest and Gregory Laufer, counsel Audrey Paquet and Joshua Thompson; executive compensation partners Christopher Gonnella and Arian Mossanenzadeh.