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Antares Supports Thoma Bravo´s Acquisition and Merger of MeridianLink and CRIF Lending Solutions
Thursday 12 July 2018

12 July 2018 - US-based private debt credit manager Antares is serving as administrative agent and lead arranger on USD 350m in senior secured credit facilities to support the acquisition and merger of financial software company MeridianLink and the ACTion, Synergy, and Achieve divisions of CRIF Lending Solutions by US-based private equity firm Thoma Bravo, Antares said.

In June, US Thoma Bravo acquired MeridianLink and merged it with the ACTion, Synergy, and Achieve divisions of CRIF Lending Solutions.

The combined organization, named MeridianLink, services approximately 1,200 customers and over 300,000 end users. 

Tim Nguyen, MeridianLink's co-founder and CEO, will lead the combined company through this exciting period of innovation and continued focus on industry-leading customer service.

As part of the transaction, CRIF S.p.A. will become a shareholder in the new MeridianLink.

MeridianLink's LoansPQ software is a loan origination and new account opening platform.

By merging with CRIF Lending Solutions, which shares a similar history and mission, the new company is expected to scale rapidly to provide customers with even deeper functionality across the lending and account opening continuum, Thoma Bravo said.

Thoma Bravo is a private equity firm focused on the software and technology-enabled services sectors.

CRIF Lending Solutions combines technology, services and consulting to clients in the financial services industry.

CRIF Lending Solutions is a part of CRIF International, a global company specialising in the development and management of decision support systems.

Kirkland and Ellis served as Thoma Bravo's legal advisor, while Credit Suisse and Krall and Co. served as Thoma Bravo's financial advisors. Raymond James and Bryan Cave served as financial and legal advisors, respectively, to MeridianLink. Baker McKenzie served as legal advisor to CRIF.
Details
Date Published: 12/07/2018
Target: MeridianLink
Country: USA
Sector: Computer Software
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: Thoma Bravo
Buyer Advisor: Kirkland and Ellis , Credit Suisse , Krall and Co
Comment:
Merges MeridianLink it with the ACTion, Synergy, and Achieve divisions of CRIF Lending Solutions

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