Costa Mesa-based MeridianLink, Inc. (NYSE: MLNK), a provider of software platforms for small financial institutions and consumer reporting agencies, announced that it has entered into a definitive agreement to be acquired by funds advised by affiliates of Centerbridge Partners L.P., a global investment firm.
The all-cash transaction gives MeridianLink an enterprise value of approximately $2 billion. Upon closing of the transaction, MeridianLink will become a private company.
MeridianLink shareholders will receive $20.00 per share in cash for each share of common stock they own, a 26% premium over the closing price of MeridianLink shares as of August 8. Shares jumped 24% to $19.75 and a $1.5 billion market cap.
“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.”
For more information, see the Aug. 18 print edition of the Business Journal.
