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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