U.S. financial software provider MeridianLink (MLNK.N), opens new tab said on Monday it would be acquired by investment firm Centerbridge Partners in a $2 billion deal, taking it private roughly four years after its New York debut.
MeridianLink shareholders will receive $20 apiece in cash for each share held, implying a 26% premium to the stock's last close. Shares of the Irvine, California-based company, which powers digital lending and account opening for financial institutions, jumped 24% in afternoon trading.
Founded in 1998, MeridianLink caters to nearly 2,000 community financial institutions and reporting agencies. Its revenue rose 8% to $84.6 million during the three months ended June 30, while net loss narrowed to $3 million.