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.