- According to terms of the deal, MeridianLink shareholders will receive $20 in cash for each share of common stock they own
- Larry Katz serves as president and CEO of MeridianLink
- MeridianLink was founded in 1998
Centerbridge Partners has completed its take-private acquisition of MeridianLink, an Irvine, California-based provider of modern software platforms for financial institutions and consumer reporting agencies. The transaction includes a minority investment from Silversmith Capital Partners.
According to terms of the deal, MeridianLink shareholders will receive $20 in cash for each share of common stock they own.
Larry Katz serves as president and CEO of MeridianLink.
“MeridianLink is uniquely positioned to meet the digital lending needs of financial institutions of all sizes through its leading end-to-end platform of innovative and trusted technology solutions,” said Jared Hendricks, senior managing director, Centerbridge, and Ben Jaffe, managing director, Centerbridge in a statement. “We look forward to working with Larry and the MeridianLink team to support the company’s next phase of innovation and growth as it continues to enhance the capabilities of its powerful platform, delivers even greater value to new and existing customers, and contributes to shaping a vibrant modern banking system.”
MeridianLink’s lead financial advisor is Centerview Partners LLC, and its legal advisor is Goodwin Procter LLP. 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 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.
MeridianLink was founded in 1998.