Exclusive Financial Advisor to Olive.com
July 2021
Oppenheimer & Co. Inc. acted as Exclusive Financial Advisor to Olive.com on its announced business combination with MDH Acquisition Corp (NYSE: MDH) and Co-Placement Agent on the PIPE financing
Olive.com, the Unrivaled Leader in Payment Services and Online Vehicle Protection Plans, to Go Public in Business Combination with MDH Acquisition Corp. (NYSE: MDH).
The new public company, Olive.com, will be a combination of two proven growth platforms: Olive.com’s current digital vehicle protection plan platform and PayLink Direct’s current industry leading payment services operation.
Fortress Investment Group and Milestone Partners have agreed to roll forward 100% of their common equity interests. Old Republic Insurance and Ally Financial Inc. join as strategic partners.
Upon completion of the business combination, CEO Rebecca Howard will become CEO of the new public company and MDH’s Executive Chairman, Franklin McLarty, will become its Chairman. Upon the close of the proposed transaction, the combined company will be listed on the NYSE under the ticker symbol “OLV.”
Please find the full press release and investor presentation on Olive.com’s website below:
Deal team:
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Financial Institutions Investment Banking |
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Leslie Fenton |
Ritendra Roy |
Garrett Branisel |
Daniel Whelan |
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Equity Capital Markets |
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Peter Bennett |
Chris DeFalco |
Patrick Marshall |
The transaction has been announced.
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