MeridianLink Inc. (NYSE: MLNK), a provider of software platforms for financial institutions and consumer reporting agencies, is being acquired by Centerbridge Partners LP, a global investment firm, in a $2 billion transaction.
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 Aug. 8. Upon closing of the transaction, MeridianLink will become a private company and remain operational from its headquarters in Irvine, California.
“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.”
