Thoma Bravo LLC, a leading private equity firm focused on software and technology-enabled service sectors has acquired 100% of CRIF Lending Solutions, to create a merged company together with MeridianLink. CRIF also becomes a shareholder of the new merged company “MeridianLink”. The acquisition will not affect CRIF Select, the former division of CRIF Lending Solutions, that is the leading provider of business process outsourcing to the indirect lending market. Select has been spun off into the new company “CRIF Select Corp., which is 100% part of CRIF Group.
Following the company acquisition, the current office locations in Atlanta and Denver will not change.
Jeremy Engbrecht, CRIF Select President, will lead the new company “CRIF Select Corp.” and Larry Howell, CRIF Lending Solutions CEO, will remain on as Chairman. Aldo Bruschi will be responsible for the transition phase from the CRIF side.
“I would like to thank to all those who have contributed to the growth of CRIF in the United States. We firmly believe that CRIF can still contribute much to the US market and will continue to support our local customers with innovative solutions and services thanks to CRIF Select team” – says Carlo Gherardi, President of CRIF.
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.
Source: CRIF Press Release