Jefferies International Limited and Credit Suisse served as Callcredit’s financial advisors. Evercore also acted as a joint financial advisor and Kirkland & Ellis LLP provided legal counsel.
GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to sell Callcredit Information Group Limited (“Callcredit” or the “Company”) to TransUnion (NYSE: TRU) for £1.0 billion in cash consideration.
Founded in 2000, Callcredit is the second largest credit reference agency in the UK with over 3,000 customers, including the UK’s largest financial institutions and organizations in the alternative lending, insurance, telecom, utilities and public sectors, among others. The Company’s innovative data solutions and software and analytics services enable real-time credit reporting and scoring, multi-bureau decisioning analysis, loan affordability assessments, customer account monitoring and management, and fraud protection and identify verification. In addition, Callcredit provides free access to credit reports and scores to consumers to help them manage their finances and offers protection against fraud and identity theft.
Since GTCR’s acquisition of Callcredit in 2014, the Company has experienced a significant transformation driven by GTCR’s partnership with a management team led by CEO Mike Gordon, who was recruited by GTCR and joined in 2014. Over the past several years, Callcredit has established itself as a market leader through product innovation, expansion of fraud protection and identity verification capabilities, and material investments in technology and systems to enhance security and resilience. During the same period, Callcredit completed three acquisitions to support its organic expansion efforts.
The transaction is anticipated to close late in the second quarter or early in the third quarter pending regulatory approval.
Callcredit is in the business of empowering information. We provide the data, analytics, and software that enable businesses to build more valuable customer relationships. We specialise in managing consumer data for businesses across every sector.
GTCR, LLC is a private equity and venture capital firm specializing in mezzanine, middle market, PIPES financing, complex corporate carve-outs, growth capital, buyouts, investments through acquisitions, and bolt-on acquisitions. The Firm, led by David A. Donnini, Philip A. Canfield and Collin E. Roche, is based in Chicago.
The Kirkland team included corporate partners Mark Fennell (Picture), Emma Lange-Novak, Gavin Gordon, Aprajita Dhundia and Stephen Ritchie, and associates John Kosir, Matt O’Hare and Talya Levy.
Involved fees earner: Mark Fennell – Kirkland & Ellis; Gavin Gordon – Kirkland & Ellis; Aprajita Dhundia – Kirkland & Ellis; John Kosir – Kirkland & Ellis; Matthew O’Hare – Kirkland & Ellis; Emma Lange-Novak – Kirkland & Ellis;
Law Firms: Kirkland & Ellis;