£1bn Callcredit deal finalised following FCA approval

callcredit 414US 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.”

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