US data services giant TransUnion has completed the acquisition of Callcredit Information Group for approximately £1bn ($1.4bn) following approval from the Financial Conduct Authority, just weeks after first announcing the deal.
Founded in 2000, with backing from the Skipton Building Society, Callcredit has witnessed huge growth over the past 18 years, and has also been the subject of two buyouts.
In 2009, London-based buyout specialist Vitruvian Partners bought the firm for an estimated £120m; five years later the management secured a £480m deal with US private equity firm GTCR Golder Rauner.
The company is now the UK’s second largest credit reference agency behind Experian and also offers a raft of marketing data and insight solutions. In July last year, the group posted a record 18% increase in gross revenue to £201m for 2016, up from £170m in 2015, with group operating profits up 20%.
The acquisition by TransUnion was announced in April this year.
TransUnion president and chief executive Jim Peck said: “We are pleased to have received regulatory approval to acquire Callcredit, and we look forward to beginning the integration of the two businesses. It’s clear that the combination of our respective assets will drive value to our investors, customers and consumers in both the UK and across global markets TransUnion serves.”
Callcredit snapped up by TransUnion in £1bn mega deal
Bullish Callcredit rebrands as profits soar to record high
Callcredit signs Spanish deal for international expansion
Callcredit acquires customer experience specialist
Callcredit shake-up to put analytics at heart of business
Callcredit reveals line-up of unified marketing team
Callcredit relaunches Define after 8-month revamp
To leave a comment please register – it takes less than a minute and is free of charge. You will also get our weekly email update The DM Report (to opt out contact firstname.lastname@example.org). If you are an existing user, please log in. If you have forgotten your log-in details please email email@example.com to get them reset!