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

Nebula Acquisition Corporation Completes Business Combination with Open Lending

May 8, 2020

Financial Services

Nebula Acquisition Corporation, a SPAC sponsored by True Wind Capital, has completed its business combination with Open Lending, with the combined company renamed Open Lending and expected to trade on Nasdaq under the ticker LPRO. Open Lending, a provider of lending enablement and risk analytics for the auto finance market, will continue to be led by its existing management team; True Wind Capital and existing investor Bregal Sagemount remain committed to the company.

Blackstone Acquires Rover Group for $2.3 Billion

November 29, 2023

E-Commerce

Private equity funds managed by Blackstone completed the all-cash acquisition of Rover Group, Inc. for approximately $2.3 billion, paying $11.00 per share. The transaction takes Rover private to accelerate investment in the business, expand its global footprint and support growth initiatives for the online pet-care marketplace.

Rocket Companies Acquires Truebill for $1.275B

December 20, 2021

Payments & Fintech

Rocket Companies agreed to acquire Truebill, a personal-finance app, for $1.275 billion in cash. The acquisition adds Truebill’s financial-wellness capabilities and ~2.5 million members to Rocket’s platform to deepen client engagement and is expected to add about $100 million in annual recurring revenue to Rocket.

Tailwind Two Acquisition Corp. Completes Business Combination with Terran Orbital Corporation

March 25, 2022

Aerospace & Defense

Tailwind Two Acquisition Corp. completed a business combination with Terran Orbital Corporation, resulting in Terran Orbital becoming a publicly traded company on the NYSE under the ticker LLAP on March 28, 2022. The combined company received approximately $255.4 million of gross equity and $175.3 million of gross debt financings from PIPE and debt participants including AE Industrial Partners, Beach Point Capital, Francisco Partners, Lockheed Martin, Fuel Venture Capital and others to fund manufacturing expansion and development of an earth observation satellite constellation.

SpotHero Acquires Rover Parking

September 10, 2020

Transportation

SpotHero has signed an agreement to acquire Rover Parking, a Toronto-based consumer parking app, accelerating SpotHero’s expansion into Canada and adding thousands of parking locations and Rover’s team to its commercial supply business. The deal is expected to close in Q4 2020 and will see Rover CEO Tim Wootton become SpotHero’s Head of Canada.

Tailwind Capital Invests in Valor Fleet Services

January 15, 2026

Trucking & Fleet

Tailwind Capital has made a control investment in Valor Fleet Services, a Leesburg, Virginia–based towing, recovery and roadside assistance platform operating roughly 14 locations. The partnership positions Tailwind to scale Valor through operational investment and add-on acquisitions in the highly fragmented towing and road services market; Full Guard Capital is the selling sponsor and Bruce Dressel will join Valor's board as Executive Chairman.