MeridianLink to be acquired by Centerbridge Partners for $2B

MeridianLink (MLNK) announced that it has entered into a definitive agreement to be acquired by funds advised by affiliates of Centerbridge Partners in an all-cash transaction that values MeridianLink at an enterprise value of approximately $2B. Upon closing of the transaction, MeridianLink will become a private company. 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 August 8 the last full trading day prior to the transaction announcement. The MeridianLink board of directors unanimously approved the transaction, which is expected to close in the second half of 2025, subject to approval by MeridianLink shareholders and the satisfaction of regulatory approvals and customary closing conditions. The holders of approximately 55% of MeridianLink’s shares of common stock have agreed to vote all of the shares of MeridianLink common stock owned by them in favor of the transaction. Upon completion of the transaction, MeridianLink’s common stock will no longer be listed on any public market. MeridianLink will remain headquartered in Irvine, California.