Antares has provided $350 million in credit facilities to back Thoma Bravo‘s acquisition and merger of MeridianLink and CRIF Lending Solutions. Based in Costa Mesa, California, MeridianLink is a provider of enterprise business solutions for financial service organizations while CRIF Lending was a subsidiary of CRIF International, which specializes in the development and management of decision support systems.
CHICAGO–(BUSINESS WIRE)–Antares announced today it is serving as administrative agent and lead arranger on $350 million in senior secured credit facilities to support the acquisition and merger of MeridianLink and the ACTion, Synergy, and Achieve divisions of CRIF Lending Solutions by Thoma Bravo.
The combined organization, named MeridianLink, services approximately 1,200 customers and over 300,000 end users. The transaction is expected to enable the combined organization to extend technology investments into areas that will provide financial institutions with leading edge lending solutions, privacy protections, and best-in-class data analytics.
“The Antares team brought a sophisticated software perspective to this transaction,” said Matt Gilbert, vice president, Capital Markets with Thoma Bravo. “They quickly understood our needs and delivered the financing we required.”
“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,” said Matthew Fleming, managing director with Antares. “We were pleased to support Thoma Bravo on this acquisition and we look forward to working with them on future opportunities.”
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $20 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Representative past and present portfolio companies include Datatel, Digital Insight, Entrust, SonicWall, SailPoint, Hyland Software, Deltek, Blue Coat Systems, Bomgar, Barracuda Networks, Compuware and SolarWinds. The firm has offices in San Francisco and Chicago. For more information, visit www.thomabravo.com.
MeridianLink, Inc., developer of the industry’s first multi-channel account opening and loan origination platform, is a leading provider of enterprise business solutions for financial service organizations. The company’s passion for excellence is reflected in their web-based credit reporting, lending and new account opening/deposit technologies, which all enjoy solid reputations as being cutting edge, reliable and affordable. Based in Costa Mesa, California, MeridianLink is committed to creating smart solutions that deliver real value. For more information, visit www.meridianlink.com
About CRIF Lending Solutions
CRIF Lending Solutions combines innovative technology, services and consulting to enable clients to be leaders in the financial services industry. This is achieved with knowledgeable and passionate people, strong partner cooperation and, above all, long-term interactive client relationships. CRIF Lending Solutions is a part of CRIF International, the leading global company specializing in the development and management of decision support systems.
With more than $20 billion of capital under management and administration, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2017, Antares issued over $21 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares world-class capital markets experts hold relationships with over 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt, most recently being named the 2017 Lender of the Year by ACG New York. The company maintains offices in Atlanta, Chicago, Los Angeles, New York, Norwalk, CT and Toronto. Visit Antares at www.antares.com or follow the company on Twitter at www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP., collectively (“Antares”).