TransUnion To Be Acquired In $3B Deal

Published February 17, 2012 2:18PM (EST)

CHICAGO (AP) — TransUnion says that a group led by buyout firm Advent International and a Goldman Sachs investment banking fund has agreed to buy the credit reporting and data company in a deal worth over $3 billion.

Chicago-based TransUnion Corp. says the sale is expected to close by early in the second quarter.

The privately held company's current stakeholders include private equity firm Madison Dearborn Partners and the Pritzker family, which founded the Marmon Group, a manufacturing and service company conglomerate, from which TransUnion was spun off.

Marmon was sold to Berkshire Hathaway in 2008.

TransUnion says its CEO and the rest of the company's leadership will stay with the company.

TransUnion was founded in 1968. It filed for an IPO in June, but didn't go forward with it.

By Salon Staff

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