News

SAN FRANCISO, CA and AUSTIN, TX, June 1, 2020 – Open Lending, LLC (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, today announced it certified 5,561 loans during the month of May, a greater than 35% increase to the midpoint of the revised guidance and ahead of the high end of the revised guidance for the month. Despite COVID-19 pressures on automotive dealerships, Open Lending’s certification volume is up over 25% year-to-date.

SAN FRANCISCO, CA and AUSTIN, TX, May 18, 2020 — Open Lending, LLC (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, and Nebula Acquisition Corporation (NASDAQ: NEBU) (“Nebula”), a special purpose acquisition company sponsored by True Wind Capital, L.P. (“True Wind Capital”), today announced that they have agreed to a revised business combination agreement reflecting an updated transaction enterprise value of $1,080 million from the previously agreed upon value of $1,330 million announced on January 6, 2020. This 19% decrease in value reflects a reduction in the aggregate consideration to be paid to Open Lending’s selling equity-holders’ due to the impact of COVID-19 on the economy and the public markets, and represents a 7.4x multiple based upon the midpoint of the projected 2021 EBITDA range for Open Lending.

ATLANTA, GA and DUBLIN, IRELAND – February 6, 2020 – Sysnet Global Solutions, the leading provider of cyber security and compliance solutions operating in over 60 countries worldwide, today announced it has secured a significant growth equity investment led by FTV Capital, a growth equity firm with a successful track record supporting high-growth financial services and technology companies, and joined by equal investor True Wind Capital, a technology-focused growth and private equity firm with significant experience in security software and services.

SAN FRANCISCO, CA January 13, 2020 – True Wind Capital (“True Wind”), a private equity firm focused on technology, today announced the promotions of Sean Giese and Brandon Van Buren to Partner and Aaron Matto to Managing Director. All three have been formally appointed to the firm’s Investment Committee.

SAN FRANCISO and AUSTIN, Texas, Jan. 6, 2020 /PRNewswire/ — Open Lending, LLC (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, and Nebula Acquisition Corporation (NASDAQ: NEBU) (“Nebula”), a special purpose acquisition company sponsored by True Wind Capital, L.P. (“True Wind”), today announced that they have entered into a definitive business combination agreement. Under the terms of the agreement, Nebula will acquire Open Lending through a new Delaware holding company (the “Company”), which will become a publicly-listed entity with an implied estimated enterprise value at closing of approximately $1.3 billion.

MILWAUKEE–(BUSINESS WIRE)–Mar 4, 2019–ARI Network Services, Inc. (“ARI”), a provider of software and marketing solutions to dealers, equipment manufacturers and distributors in select vertical markets, today announced it has received a strategic growth investment from TA Associates, a leading global growth private equity firm. True Wind Capital, a San Francisco-based private equity firm that completed a take-private transaction of ARI in August 2017, will remain the largest shareholder in the company. Financial terms of the transaction were not disclosed.