Nebula Acquisition Corporation Completes Business Combination with Open Lending

Nebula Caravel (True Wind) Merges with A Place for Rover to Form Rover Group, Inc.

July 30, 2021

E-Commerce

A Place for Rover, Inc. (Rover) entered into a business combination with Nebula Caravel Acquisition Corp., a SPAC sponsored by True Wind Capital, creating the publicly listed Rover Group, Inc. The transaction values the combined company at an enterprise value of approximately $1.35 billion and provides roughly $325 million in gross cash proceeds (including a $50 million private placement) to fund growth, market expansion, and product development.

Clarion Capital Partners Makes Strategic Investment in OpenRoad Lending

September 14, 2021

Financial Services

Clarion Capital Partners completed a strategic growth investment in OpenRoad Lending, a Fort Worth-based direct-to-consumer auto refinance lender, with OpenRoad’s founders remaining in leadership and retaining meaningful ownership. The capital will be used to expand OpenRoad’s product offerings (including potential auto purchase lending and insurance), broaden marketing channels, and support organic and acquisitive growth; financing for the deal was provided by funds managed by Madison Capital Funding and PennantPark Investment Advisers.

MeridianLink Acquires OpenClose

November 7, 2022

Software

MeridianLink, Inc. (NYSE: MLNK) has completed the acquisition of OpenClose, a fintech provider of residential mortgage loan origination, POS and pricing engine software. The deal combines MeridianLink's cloud lending capabilities with OpenClose's POS/LOS/PPE solutions to expand product capabilities and deliver a broader omnichannel mortgage platform to banks, credit unions and mortgage lenders.

Lightyear Capital and Ontario Teachers' Acquire Lendmark Financial Services from Blackstone

June 27, 2019

Financial Services

Investment funds affiliated with Lightyear Capital and the Ontario Teachers' Pension Plan agreed to acquire Lendmark Financial Services from private equity funds managed by The Blackstone Group. The senior management team will remain in leadership and as shareholders; the transaction was expected to close in H2 2019 subject to regulatory approvals.

Procyon Acquires OLV Investment Group

December 14, 2025

Financial Services

Procyon, an independent registered investment advisory firm and Dynasty network partner headquartered in Shelton, Connecticut, has acquired OLV Investment Group, adding approximately $500 million in assets under management. The deal brings seven financial advisors and roughly 13 support staff onto Procyon’s platform, expanding the firm’s geographic footprint into Michigan and Texas and lifting Procyon’s AUM to nearly $9 billion.

Aquila Acquires Infinity Enterprise Lending Systems

September 9, 2021

Software

Aquila, a division of Constellation Software Inc., has completed the acquisition of Infinity Enterprise Lending Systems (Infinity Software), a provider of loan management systems for alternative credit lenders. Infinity will operate as an independent business unit within Aquila, with the Leyva family transitioning ownership and Aquila providing permanent capital and operational support.