Nebula Acquisition to acquire Open Lending for $1.3bn.

True Wind Capital agreed to acquire Open Lending, a provider of lending enablement and risk analytics solutions to financial institutions, for $1.3bn. Under the terms of the deal Nebula, a special purpose acquisition company sponsored by True Wind Capital, will acquire Open Lending through a new Delaware holding company. "We are immensely proud of Open Lending's accomplishments since our founding over 15 years ago, and we are excited to lead the next stage of development alongside the True Wind team. We believe there is significant runway for new growth opportunities within our existing base of credit unions and banks as well as through untapped opportunities such as OEM captive partnerships," John Flynn, Open Lending Co-Founder, President and CEO.