Thoma Bravo leads $350m acquisition and merger of MeridianLink, CRIF

Thoma Bravo has led a $350m acquisition and merger of MeridianLink and the ACTion, Synergy, and Achieve divisions of CRIF Lending Solutions.

The combined enterprise will operate under MeridianLink and will serve around 1,200 customers and more than 300,000 end users. This transaction will enable the companies to increase technology investments into services that will provide financial institutions with improved lending solutions, privacy protections and data analytics.

Antares, a private debt credit manager, is serving as the administrative agent and lead arranger for the deal.

MeridianLink is a multi-channel account opening and loan origination platform designed to support financial services business solutions. The platform offers web-based credit reporting, lending and automated new account opening/deposit technology.

Based in California, the company supports credit unions, credit vendors and retail banks. Its LoansPQ solution offers a loan origination, core processing and internal banking software which can help to ease loan management but also accelerate decision making.

CRIF Lending Solutions offers US financial institutions with a suite of loan software for businesses, consumers and at the point-of-sale. Its technology can automate the opening of deposit accounts and provide clients with lending analytics.

The platform offers analytics and business consulting, business and consumer loan origination, data access and attribute management, decision management, deposit account opening and dealer partnership programs.

Antares managing director Matthew Fleming said, “Both MeridianLink and CRIF have been leaders in their respective markets for years, so we are excited to see the opportunities that the combined company will deliver to the market. We were pleased to support Thoma Bravo on this acquisition and we look forward to working with them on future opportunities.”

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