Private equity firms Carlyle Group, Bain Capital and Advent International are seeking to purchase credit reporting firm TransUnion, Reuters reports. The transaction is expected to mop up more than $2 billion. TransUnion’s majority owner Madison Dearborn Partners is looking to launch a sale of the company or an initial public offering (IPO) later.
In July, TransUnion planned to sell shares worth $325 million in an IPO, but also launched a sale process as the IPO market was effectively shut amid geopolitical and economic uncertainty. Deutsche Bank and Bank of America Corp. advised TransUnion on the deal. TransUnion offers risk and portfolio management services to professionals at financial and banking services institutions, insurance agencies, energy companies and hospitals.
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