TransUnion to be acquired in $3 billion deal

February 17, 2012

The Associated Press

TransUnion Corp. said Friday that a group led by buyout firm Advent International and a Goldman Sachs investment banking fund has agreed to buy the credit reporting and data company in a deal worth over $3 billion.

Chicago-based TransUnion's current stakeholders include private equity firm Madison Dearborn Partners and the Pritzker family, which founded the Marmon Group, a manufacturing and service company conglomerate, from which TransUnion was spun off.

Marmon was sold to Berkshire Hathaway in 2008.

The deal is expected to close by early in the second quarter. TransUnion said that president and CEO Bobby Mehta, and the rest of TransUnion's leadership, will stay with the company.

TransUnion was founded in 1968 and is one of the three major credit reporting companies, along with Experian and Equifax. It filed for an initial public offering in June, but didn't go forward with it.