US software program firm MeridianLink has introduced a definitive settlement for its acquisition by funds managed by associates of Centerbridge Companions.
The transaction, valued at roughly $2bn, will end in MeridianLink turning into a non-public entity upon completion and can proceed to be primarily based in Irvine, California.
MeridianLink presents software program options for monetary establishments and shopper reporting companies.
Its cloud-based options for digital lending, account opening, background screening, and knowledge verification utilise shared intelligence from a unified knowledge platform, MeridianLink One.
The platform is alleged to allow purchasers of assorted sizes to uncover development prospects, scale operations successfully, and keep compliance, all whereas enhancing the expertise for each employees and shoppers.
MeridianLink president and CEO Larry Katz stated: “Along with Centerbridge, we are going to unlock the potential of this firm by accelerating product innovation, harnessing the facility of AI and knowledge, and enhancing the supply of outstanding buyer experiences.”
In line with the phrases of the settlement, shareholders of MeridianLink will obtain $20 per share in money for every share of frequent inventory held.
This buy value displays a premium of round 26% over the closing value of MeridianLink shares on 8 August 2025.
The transaction is anticipated to shut within the latter half of 2025, pending approval from MeridianLink shareholders and the fulfilment of regulatory approvals and customary closing situations.
Centerbridge senior managing director Jared Hendricks and managing director Ben Jaffe stated: “Because the tempo of change throughout the finance and tech sectors continues to speed up, MeridianLink is uniquely positioned to assist monetary establishments improve their digital lending and credit score reporting capabilities to develop and deepen consumer relationships, unlock the potential of knowledge and AI, and drive their development.”
Centerview Companions is appearing because the lead monetary advisor and Goodwin Procter is offering authorized counsel to MeridianLink.
J.P. Morgan Securities additionally served as a monetary advisor to the corporate. Joele Frank, Wilkinson Brimmer Katcher is advising on strategic communications for MeridianLink.
Goldman Sachs is serving because the monetary advisor for Centerbridge, with Kirkland & Ellis appearing as its authorized advisor. Kekst CNC is offering strategic communications assist to Centerbridge.
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