US group completes £1bn acquisition of Leeds credit reference agency Callcredit

The £1bn acquisition of Callcredit Information Group, the Leeds-headquartered credit reference agency, by US-based TransUnion has now been completed.

Callcredit Information Group, which is thought to be the second largest and fastest growing in the U.K., was founded in 2000.

Similar to TransUnion, the company provides data, analytics and technology solutions to help businesses and consumers make informed decisions.

TransUnion had agreed to acquire Callcredit on April 20th, 2018, and received regulatory approval from the Financial Conduct Authority (FCA) on June 12th.

Jim Peck, TransUnion’s president and chief executive officer, 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 United Kingdom and across global markets TransUnion serves.”

RBC Capital Markets acted as lead M&A advisor. Deutsche Bank acted as lead financing arranger along with RBC Capital Markets, Bank of America Merrill Lynch and Capital One who acted as joint arrangers.

Citigroup and Deutsche Bank also advised on the transaction. Legal advisor was Sidley Austin, LLP.

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