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LONDON, UK / ACCESSWIRE / April 24, 2018 / Active-Investors.com has just released a free research report on TransUnion (NYSE: TRU). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TRU as the Company's latest news hit the wire. On April 20, 2018, the Company disclosed that it has entered into an agreement to acquire UK-based Callcredit Information Group Ltd ("Callcredit"), from the leading private equity firm GTCR. The all-cash deal is valued at £1 billion (approximately $1.4 billion). The acquisition is expected to further strengthen TransUnion's international business. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, TransUnion most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
The deal is expected to close around end of Q2 2018 or early Q3 2018, subject to receiving all regulatory approvals and fulfilment of other closing conditions.
Commenting on the acquisition of Callcredit, Jim Peck, President and Chief Executive Officer (CEO) of TransUnion, said:
"TransUnion and Callcredit have strong synergies across our business models and solutions, and we share a commitment to using information to benefit consumers and global economies alike."
David Neenan, President - International Business, TransUnion, stated:
"With the growing trend of multi-bureau usage in the UK, we believe this is the right time to introduce TransUnion into the market."
Mike Gordon, CEO of Callcredit, added:
"Investment by a global Company with an established track record, shared values, and leadership, who recognized our market potential is absolutely the right fit for us and the market."
Aaron Cohen, Managing Director, GTCR, commented:
"This transaction marks another successful example of GTCR's Leaders Strategy™. Mike Gordon and the entire Callcredit team have built a truly remarkable Company by investing in people and technology, resulting in strong growth and exceptional customer service."
About Callcredit Information Group Ltd
Leeds, UK-headquartered Callcredit was founded in 2000 and is the second largest and fastest growing credit reference agency (CRA) in the UK. The consumer information services Company provides data, analytics, and technology solutions which enable businesses and consumers make more informed, confident decisions. For its business customers, the Company develops innovative products and services for Companies across different sectors from financial services, retail, and utilities to public sector, telecoms, insurance, etc. Callcredit's leading-edge approach to deploying consumer information helps its clients to effectively identify, engage, and convert more new customers whilst optimizing the profitability of existing customers. On the individual side, the Company has developed UK's first free-for-life credit reporting and scoring service, Noodle. Noodle enables individuals to understand their credit report and credit score and protect themselves against fraud and identity theft.
In the UK, the Company has offices at Leeds, London, Stockport, Warrington, and Kent; and internationally it has offices in Spain, the US, Dubai, and Lithuania. It has over 3000 customers and employs a team of over 1,300 professionals.
GTCR had acquired Callcredit from Vitruvian partners in 2014 for approximately $675 million.
Rationale for the Acquisition
TransUnion is more than just a credit reporting agency and goes beyond credit data. It offers risk information solutions to businesses and consumers, which they need to make informed decisions. Callcredit has a complementary business model and customer base of businesses and individuals. TransUnion has been expanding its geographic footprint via strategic acquisitions and currently has presence in over 33 countries. The Company implements its global operating model to all acquisitions, optimizing business, and operational processes to replicate its success across regions. Some of the Company's advanced global solutions include trended data leader Credit Vision®, consumer empowerment application CreditView®, and various other data, fraud, decisioning, analytics, and consumer identity solutions like IDVisionSM, DecisionEdge®, and PramaSM suite. Callcredit has a strong record of growth and innovation in both core credit and emerging solutions in the UK market, and the growing demand for credit reporting services in the UK makes it a coveted addition to TransUnion's global expansion strategy. The acquisition will equip both Companies to competitively handle the demands of the expanding credit reporting services in the UK.
Founded in 1980, Chicago, Illinois-based GTCR is a leading private equity firm. It focuses on investing in growth Companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications, and Growth Business Services industries. GTCR pioneered The Leaders Strategy™ that builds partnerships with exceptional leaders in targeted growth sectors. This strategy has been at the core of GTCR's investments for over 35 years. Since its inception, GTCR has invested more than $15 billion in over 200 Companies.
Founded in 1968 and headquartered in Chicago, Illinois, TransUnion is a leading global risk and information solutions provider. The Company is dedicated to finding innovative ways that information can be used to help individuals make better and smarter decisions. The Company develops and delivers solutions that help organizations optimize their risk-based decisions and help consumers to better understand and manage their personal information. The Company has presence in over 30 countries worldwide, including North America, Africa, Latin America, and Asia.
Stock Performance Snapshot
April 23, 2018 - At Monday's closing bell, TransUnion's stock fell 1.90%, ending the trading session at $65.57.
Volume traded for the day: 2.74 million shares, which was above the 3-month average volume of 1.39 million shares.
Stock performance in the last month – up 12.78%; previous three-month period – up 9.85%; past twelve-month period – up 67.01%; and year-to-date - up 19.30%
After yesterday's close, TransUnion's market cap was at $12.05 billion.
Price to Earnings (P/E) ratio was at 46.80.
The stock is part of the Services sector, categorized under the Business Services industry.
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