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Thoma Bravo said to ride Covid’s digital payments rise with MeridianLink IPO

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US private equity major Thoma Bravo is reportedly prepping an IPO of financial services software business MeridianLink which could value the company at more than $3bn including debt.

The plans, which were reported by Reuters citing unnamed sources, follows the rise in online banking and digital payments activity caused by the global Covid-19 pandemic.

MeridianLink provides digital lending and account opening software to credit unions, banks and other financial institutions.

Thoma Bravo bought and merged MeridianLink with Italy-based CRIF Lending Solutions in 2018.

MeridianLink could go public through a merger with a SPAC, Reuters added, citing two of its sources.

Last month Thoma Bravo promoted AJ Rohde to the newly-created role of senior partner.

Rohde joined Thoma Bravo in 2010 as a vice president, having previously worked in investment banking at Saban Capital Group and Jefferies & Company, and for Ford Motor Company.

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Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/thoma-bravo-said-to-ride-covids-digital-payments-rise-with-meridianlink-ipo.html

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