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Shearman & Sterling LLP

07/23/2021 | Press release | Distributed by Public on 07/23/2021 10:33

PayLink Direct and Olive.com To Go Public in Business Combination with MDH Acquisition

NewsJuly 23, 2021

PayLink Direct and Olive.com To Go Public in Business Combination with MDH Acquisition

Shearman & Sterling advised MDH Acquisition in connection with its business combination with Olive.com and PayLink Direct, that will go public as Olive Ventures Holdings. The new public company 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. The proposed transaction values Olive.com at an enterprise value of approximately $960 million.

MDH Acquisition was formed with the goal of accelerating the growth of a private company that is well capitalized, profitable and ready to become a publicly traded company. MDH focuses on industries that complement the management team's background and proven business-building abilities.

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