Centerbridge Partners Completes Takeover of MeridianLink
Centerbridge Partners said Friday that it has completed its acquisition of MeridianLink, taking the financial software firm private in a deal that values the company at $20 per share.
The transaction includes a minority investment from Silversmith Capital Partners, aimed at accelerating innovation and growth.
Following the deal’s completion, MeridianLink, a provider of cloud-based software for financial institutions and consumer reporting agencies, has delisted from the New York Stock Exchange.
“MeridianLink has grown from a pioneer in digital lending to a market leader helping credit unions and community banks build lasting relationships with consumers,” said Larry Katz, President and CEO of MeridianLink. “Together we will unlock the potential of our trusted, mission-critical, and scalable platform by accelerating automation, harnessing the power of AI and data, and improving customer experiences.”
Centerbridge’s Senior Managing Director Jared Hendricks and Managing Director Ben Jaffe said MeridianLink’s technology was “uniquely positioned” to meet the evolving needs of banks and credit unions.
Todd MacLean, Managing Partner of Silversmith Capital Partners, added: “What excites us most about MeridianLink is the opportunity to partner with Centerbridge in backing Larry and his team as they capitalise on their market leadership and drive continued innovation.”
The acquisition gives MeridianLink the backing to expand its digital lending capabilities and strengthen its role in modernising the banking technology ecosystem.
