Centerbridge Partners, L.P., a global investment firm with deep experience investing in financial services and technology, today announced the completion of its acquisition of MeridianLink, Inc., a leading provider of modern software platforms for financial institutions and consumer reporting agencies.
The transaction includes a minority investment from Silversmith Capital Partners to further growth and innovation.
With the completion of the transaction, MeridianLink shareholders will receive $20.00 in cash for each share of common stock they own.
In connection with the completion of the transaction, MeridianLink common stock ceased trading and will be 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 and foster lasting relationships with consumers,” said Larry Katz, President and CEO of MeridianLink. “We are excited to accelerate our digital lending trajectory with Centerbridge and Silversmith. 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.”
“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. “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.”
“At Silversmith, we’ve invested in technology providers to banks and credit unions for years, and we see significant opportunity in the space,” said Todd MacLean, Managing Partner of Silversmith Capital Partners. “What excites us most about MeridianLink is the opportunity to partner with Centerbridge in backing Larry and his team as they capitalize on their market leadership and push forward to expand the platform and drive continued innovation.”
