Connect with us

Business and PayLink Direct Agree to Go Public Under Blank Check Agreement




(Bloomberg) – Vehicle protection plan provider and its subsidiary PayLink Direct have agreed to go public with a deal with a blank check company that will give the combined company a valuation of around $ 960 million including debt.

The transaction with MDH Acquisition Corp. values ​​the combined business at 6.4 times estimated earnings for 2023 before interest, taxes, depreciation and amortization. The deal includes $ 291 million in proceeds from the Special Purpose Acquisition Company’s trust account, or SPAC, plus a $ 15 million private investment in public stocks, also known as PIPE.

The new company will be known as Olive Ventures Holdings Inc., or, and will be listed on the New York Stock Exchange under the symbol OLV.

Were entering the market at a very differentiated position and were looking for a way to expand what we have built, said Rebecca Howard, Founder and CEO of

Chicago-based sells extended vehicle warranties online to replace manufacturer warranties once they expire. It mainly concerns cars from 6 to 12 years old. Howard, who will be the CEO of the combined company, said no other company is currently offering these plans entirely digitally. PayLink Direct, launched in 2006, offers payment plans for home service contracts and vehicles.

My mission here is to focus on the consumer and to focus on providing the best automotive products to consumers who have automobiles, Howard said. And do away with those pesky and infuriating robodial calls to cell phones that are really of no use to the consumer.

The company’s primary marketing channel is online advertising and hockey sponsorships. It plans to offer other add-on programs such as maintenance, tires and wheels, gasoline and appearance programs, she said.

MDH raised $ 276 million, including so-called “greenshoe” stocks, in an initial offering in February.

Existing shareholders of PayLink Direct and are renewing their entire stake and are expected to own approximately 74% of the new company.

More stories like this are available at

Subscribe now to stay ahead of the curve with the most trusted source of business information.

2021 Bloomberg LP




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]