MeridienLink to be acquired by Centerbridge Partners for $2 billion
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Upon closing of the transaction, MeridianLink will become a private company.
Under the terms of the agreement, MeridianLink shareholders will receive $20.00 per share in cash for each share of common stock they own. The purchase price represents a premium of approximately 26% over the closing price of MeridianLink shares as of August 8, 2025, the last full trading day prior to the transaction announcement.
'We are excited for the next chapter of innovation and growth with our partners at Centerbridge. Today's announcement is a strong endorsement of our leading digital lending platform that serves nearly 2,000 community financial institutions and reporting agencies,' Larry Katz, President and CEO-designate of MeridianLink, said. 'Together with Centerbridge, we will unlock the potential of this company by accelerating product innovation, harnessing the power of AI and data, and enhancing the delivery of exceptional customer experiences. I am proud of this talented team and look forward to further building our trusted, mission-critical, scalable platform that empowers customers and the communities they serve.'
'This is an exciting next step for MeridianLink,' said Nicolaas Vlok, chief executive officer of MeridianLink. 'Our dedicated team has built our market-leading platform and partner ecosystem, and I am confident in the path forward for the Company, bolstered by Larry's leadership and Centerbridge's partnership.'
Ed McDermott, Board chair of MeridianLink said, 'Over the last several years, our Board has carefully evaluated alternatives to maximize shareholder value. The Board thoroughly reviewed Centerbridge's proposal with the assistance of independent financial and legal advisors and determined this transaction would create certain, compelling and immediate value for our shareholders at an attractive premium and position MeridianLink to increase its competitive edge in a rapidly changing technology landscape.'
'As the pace of change across the finance and tech sectors continues to accelerate, MeridianLink is uniquely positioned to help financial institutions enhance their digital lending and credit reporting capabilities to expand and deepen client relationships, unlock the potential of data and AI, and drive their growth,' said Jared Hendricks, Senior Managing Director, Centerbridge, and Ben Jaffe, Managing Director, Centerbridge. 'At Centerbridge, we have a proven track record of partnering with exceptional companies at the intersection of finance and technology to create value for customers and opportunities for employees. We believe in the importance of fostering a vibrant, modern banking system using market-leading technology. To that end, we are thrilled to work with Larry Katz and the Company's talented team to enhance MeridianLink's platform capabilities and grow their wallet share with new and existing customers.'
Transaction Details
The MeridianLink Board of Directors unanimously approved the transaction, which is expected to close in the second half of 2025, subject to approval by MeridianLink shareholders and the satisfaction of regulatory approvals and customary closing conditions.
The holders of approximately 55% of MeridianLink's shares of common stock have agreed to vote all of the shares of MeridianLink common stock owned by them in favor of the transaction.
Upon completion of the transaction, MeridianLink's common stock will no longer be listed on any public market. MeridianLink will remain headquartered in Irvine, California.
Advisors
Centerview Partners LLC is serving as lead financial advisor and Goodwin Procter LLP is serving as legal advisor to MeridianLink. J.P. Morgan Securities LLC also served as a financial advisor to MeridianLink. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to MeridianLink.
Goldman Sachs & Co. LLC is serving as financial advisor to Centerbridge, and Kirkland & Ellis is serving as its legal counsel. Kekst CNC is serving as strategic communications advisor to Centerbridge.
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