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TransUnion completes £1bn Callcredit acquisition
22 Jun, 2018
Chicago-headquartered consumer credit reporting agency TransUnion has completed its $1.4bn (£1bn) acquisition of Callcredit.
TransUnion currently operates in 33 countries across North America, Africa, Latin America and Asia.
Founded in 2000, Callcredit includes the UK’s second-largest credit reference agency and employs approximately 1,200 people. In 2014, Callcredit was acquired by GTCR, a private equity firm based in Chicago.
“We are pleased to have received regulatory approval to acquire Callcredit, and we look forward to beginning the integration of the two businesses,” said Jim Peck, TransUnion’s president and chief executive officer. “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.”
TransUnion previously announced that it had agreed to acquire Callcredit on April 20, 2018, and received regulatory approval from the Financial Conduct Authority (FCA) on June 12, 2018.