TransUnion Announces Agreement to Acquire Majority Ownership of the Consumer Credit Business of Buró de Crédito
TransUnion (NYSE:TRU) has announced a definitive agreement to acquire majority ownership of Trans Union de Mexico, the consumer credit business of Buró de Crédito, Mexico's largest credit bureau. The transaction, valued at approximately MXN 11.5 billion ($560 million), will increase TransUnion's ownership from 26% to 94%.
The acquisition targets a business expected to generate approximately $145 million in revenue and $70 million in Adjusted EBITDA in 2024. The deal excludes Buró de Crédito's commercial credit business and is expected to close by the end of 2025, subject to regulatory approvals.
TransUnion plans to leverage its global operating model to strengthen services in the Mexican market, focusing on financial inclusion and introducing products like trended and alternative credit data, fraud mitigation solutions, and consumer engagement tools. The company intends to increase its workforce in Mexico to support the transaction and enhance regional capabilities.
TransUnion (NYSE:TRU) ha annunciato un accordo definitivo per acquisire la maggioranza di Trans Union de Mexico, la divisione di credito al consumo di Buró de Crédito, il più grande bureau di credito del Messico. La transazione, valutata circa 11,5 miliardi di MXN (560 milioni di dollari), aumenterà la quota di TransUnion dal 26% al 94%.
L'acquisizione riguarda un'attività che si prevede genererà circa 145 milioni di dollari di entrate e 70 milioni di dollari in EBITDA rettificato nel 2024. L'accordo esclude l'attività di credito commerciale di Buró de Crédito e dovrebbe concludersi entro la fine del 2025, soggetto ad approvazioni regolatorie.
TransUnion prevede di sfruttare il proprio modello operativo globale per rafforzare i servizi nel mercato messicano, con un focus sull'inclusione finanziaria e l'introduzione di prodotti come dati di credito tracciati e alternativi, soluzioni per la mitigazione delle frodi e strumenti di coinvolgimento dei consumatori. L'azienda intende aumentare il proprio personale in Messico per supportare la transazione e migliorare le capacità regionali.
TransUnion (NYSE:TRU) ha anunciado un acuerdo definitivo para adquirir la mayoría de Trans Union de México, el negocio de crédito al consumo de Buró de Crédito, la agencia de crédito más grande de México. La transacción, valorada en aproximadamente 11.5 mil millones de MXN (560 millones de dólares), aumentará la participación de TransUnion del 26% al 94%.
La adquisición tiene como objetivo un negocio que se espera genere aproximadamente 145 millones de dólares en ingresos y 70 millones de dólares en EBITDA ajustado en 2024. El acuerdo excluye el negocio de crédito comercial de Buró de Crédito y se espera que se cierre a finales de 2025, sujeto a aprobaciones regulatorias.
TransUnion planea aprovechar su modelo operativo global para fortalecer los servicios en el mercado mexicano, enfocándose en la inclusión financiera e introduciendo productos como datos de crédito tendidos y alternativos, soluciones de mitigación de fraudes y herramientas de participación del consumidor. La compañía tiene la intención de aumentar su fuerza laboral en México para apoyar la transacción y mejorar las capacidades regionales.
TransUnion (NYSE:TRU)는 멕시코 최대 신용조회회사인 Buró de Crédito의 소비자 신용 비즈니스인 Trans Union de Mexico의 지배 지분을 인수하는 최종 계약을 체결했다고 발표했습니다. 이 거래는 약 115억 MXN(5억 6천만 달러) 가치가 있으며, TransUnion의 지분을 26%에서 94%로 확대합니다.
이번 인수는 2024년에 약 1억 4천5백만 달러의 수익과 7천만 달러의 조정된 EBITDA를 생성할 것으로 예상되는 비즈니스를 목표로 하고 있습니다. 거래에는 Buró de Crédito의 상업 신용 비즈니스는 포함되지 않으며, 규제 승인을 조건으로 2025년 말까지 마무리될 예정입니다.
TransUnion는 글로벌 운영 모델을 활용하여 멕시코 시장에서의 서비스를 강화할 계획이며, 금융 포용성을 중심으로 트렌드 및 대체 신용 데이터, 사기 완화 솔루션, 소비자 참여 도구와 같은 제품을 도입할 예정입니다. 이 회사는 거래를 지원하고 지역 역량을 높이기 위해 멕시코에서 인력을 늘릴 계획입니다.
TransUnion (NYSE:TRU) a annoncé un accord définitif pour acquérir une participation majoritaire dans Trans Union de México, l'entreprise de crédit à la consommation de Buró de Crédito, le plus grand bureau de crédit du Mexique. La transaction, d'une valeur d'environ 11,5 milliards de MXN (560 millions de dollars), fera passer la participation de TransUnion de 26% à 94%.
L'acquisition vise une activité qui devrait générer environ 145 millions de dollars de revenus et 70 millions de dollars d'EBITDA ajusté en 2024. L'accord exclut l'activité de crédit commercial de Buró de Crédito et devrait être finalisé d'ici la fin 2025, sous réserve des approbations réglementaires.
TransUnion prévoit de tirer parti de son modèle opérationnel mondial pour améliorer les services sur le marché mexicain, en se concentrant sur l'inclusion financière et l'introduction de produits tels que des données de crédit tendances et alternatives, des solutions de mitigation des fraudes et des outils d'engagement des consommateurs. L'entreprise a l'intention d'augmenter sa main-d'œuvre au Mexique pour soutenir la transaction et renforcer ses capacités régionales.
TransUnion (NYSE:TRU) hat eine definitive Vereinbarung zum Erwerb einer Mehrheitsbeteiligung an Trans Union de Mexico, dem Konsumkreditgeschäft von Buró de Crédito, dem größten Kreditbüro in Mexiko, bekannt gegeben. Die Transaktion, die auf etwa 11,5 Milliarden MXN (560 Millionen Dollar) geschätzt wird, wird den Anteil von TransUnion von 26% auf 94% erhöhen.
Die Übernahme zielt auf ein Geschäft ab, das voraussichtlich rund 145 Millionen Dollar Umsatz und 70 Millionen Dollar bereinigtes EBITDA im Jahr 2024 generieren wird. Der Deal schließt das kommerzielle Kreditgeschäft von Buró de Crédito aus und soll bis Ende 2025 abgeschlossen werden, vorbehaltlich regulatorischer Genehmigungen.
TransUnion plant, sein globales Betriebsmodell zu nutzen, um die Dienstleistungen auf dem mexikanischen Markt zu stärken, mit einem Fokus auf finanzielle Inklusion und der Einführung von Produkten wie trendierten und alternativen Kreditauskünften, Betrugsvermeidungsmaßnahmen und Verbrauchereinbindungsinstrumenten. Das Unternehmen beabsichtigt, seine Belegschaft in Mexiko zu vergrößern, um die Transaktion zu unterstützen und die regionalen Fähigkeiten zu verbessern.
- Acquisition increases market presence in Latin America's second-largest economy
- Target business expected to generate $145M revenue and $70M Adjusted EBITDA in 2024
- Transaction expected to be accretive to Adjusted Diluted EPS in first year
- Expands TransUnion's ownership from 26% to 94% in Mexican consumer credit business
- Significant cash outlay of $560M required for acquisition
- Additional debt financing needed to fund the transaction
- Extended closing timeline until end of 2025
- Subject to regulatory approval risks
Insights
This strategic acquisition marks a pivotal expansion in Latin America's credit reporting landscape. The
The financials are compelling - projected
The synergy potential is substantial through technology integration, cross-selling opportunities and expansion into FinTech and insurance verticals. Mexico's position as Latin America's second-largest economy, combined with its growing middle class and increasing credit adoption, creates a robust growth runway.
The Mexican consumer credit market presents a compelling growth opportunity. The current credit penetration rate of
Three key market dynamics support long-term growth:
- Mexico's emerging middle class driving increased demand for financial products
- Rapid digital transformation creating opportunities for innovative credit solutions
- Growing FinTech ecosystem requiring robust credit assessment infrastructure
By leveraging TransUnion's global technology stack and introducing advanced products like alternative credit data and fraud mitigation tools, the company is well-positioned to capitalize on Mexico's financial services modernization. The planned expansion of local workforce also demonstrates commitment to market development.
CHICAGO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- TransUnion (NYSE:TRU) has signed a definitive agreement to acquire majority ownership of Trans Union de Mexico, S.A., S.I.C., the consumer credit business of the largest credit bureau in Mexico, Buró de Crédito. TransUnion currently owns approximately
“Our expansion in Mexico continues our commitment to making trust possible in global commerce,” said Chris Cartwright, President and CEO of TransUnion. “Credit bureaus are a catalyst for financial inclusion, and we are excited for the opportunity to bring the benefits of our state-of-the art technology, innovative solutions and industry expertise to Mexican consumers and businesses. We also look forward to supporting the country’s digital transformation objectives to empower consumers with increased economic opportunity.”
Mexico is the 12th largest global economy and second largest in Latin America, with a growing population and emerging middle class. Consumer credit in Mexico is rapidly expanding, and over half of Mexican adults have at least one financial product. While credit penetration remains lower in Mexico than other Latin American countries, it has significantly increased in the past decade, from
“We anticipate that our planned acquisition of Buró de Crédito’s consumer credit business will strengthen our leadership position in Latin America and will make TransUnion the largest credit bureau in Spanish-speaking Latin America,” said Carlos Valencia, Regional President of TransUnion Latin America. “We see substantial opportunity to introduce global products like trended and alternative credit data, fraud mitigation solutions and consumer engagement tools. We also plan to expand beyond traditional financial services into adjacencies such as FinTech and insurance.”
TransUnion operates in over 30 countries and intends to leverage a proven playbook for scaling businesses internationally. Its innovative solutions include products that promote financial inclusion, mitigate fraud and empower consumers to access credit and manage their financial health. Its global technology and operating model support a best-in-class customer experience, cybersecurity and data governance. TransUnion plans to increase the number of associates in Mexico over the next several years to support the execution of the transaction and to further strengthen the company’s capabilities within the region.
“We anticipate integrating the Buró de Crédito consumer credit business into our strong global operating model as part of our International segment,” said Todd Skinner, President, International of TransUnion. “We expect to deliver strong growth over the long term, supported by favorable market dynamics and execution against our growth playbook.”
The target acquisition is expected to generate approximately
The transaction is expected to close by the end of 2025, subject to the satisfaction of regulatory approvals and customary closing conditions. TransUnion anticipates funding this transaction through a combination of debt and cash on hand.
TransUnion will host a conference call and webcast today at 8:30 a.m. Central Time to discuss the transaction agreement and certain forward-looking information. The session and accompanying presentation materials may be accessed at www.transunion.com/tru. A replay of the call will also be available at this website following the conclusion of the call.
1 Source: IMF
2 Estimated total 2024 revenue and Adjusted EBITDA of Trans Union de Mexico based on 20.53 USD/MXN exchange rate as of 1/14/25.
3 Adjusted EBITDA and Adjusted Diluted EPS are non-GAAP measures which should be reviewed in conjunction with the relevant GAAP financial measures and are not presented as alternative measures of GAAP. TransUnion has not provided a reconciliation of non-GAAP measures to the most comparable GAAP financial measures because the non-GAAP measures are presented on a forward-looking basis, and due to the uncertain nature of acquisition-related expenses, purchase accounting fair value adjustments and other information related to the acquisition, a reconciliation could not be prepared without unreasonable effort. This information could be material to TransUnion’s results computed in accordance with GAAP.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business
About Buró de Crédito
Buró de Crédito is the leading company in Mexico that manages the most complete and secure credit database for individuals and businesses. Buró de Crédito is comprised of two credit bureaus: Trans Union de México, S.A. (credit bureau for individuals) and Dun & Bradstreet, S.A. (credit bureau for individuals with business activities and corporations). With 29 years in the market, Buró de Crédito provides services on the collection, management, delivery or forwarding of information related to the credit history of individuals and companies. Its other complementary products and services are also essential for individuals, companies and credit grantors as they facilitate the management and analysis of financial risks. In this way, Buró de Crédito helps to streamline and facilitate decision making for the generation of business and the healthy expansion of credit, thus contributing to the economic development of the country. http://www.burodecredito.com.mx
TransUnion Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of TransUnion’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements include information concerning anticipated benefits of the transaction, including strategic, business and to our results of operations, the expected timeline for completing the transaction, expected sources of funding for the acquisition, and descriptions of our business plans, prospects and strategies. These statements often include words such as “anticipate,” “expect,” “guidance,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast,” “outlook,” “potential,” “continues,” “seeks,” “predicts,” or the negatives of these words and other similar expressions.
Factors that could cause actual results to differ materially from those described in the forward-looking statements include: failure to realize the synergies and other benefits expected from the proposed acquisition of Trans Union de Mexico; the risk that required regulatory approvals are not obtained or are obtained subject to conditions that are not anticipated; the failure of any of the closing conditions in the definitive purchase agreement to be satisfied on a timely basis or at all; delay in closing the proposed acquisition; the possibility that the proposed acquisition, including the integration of Trans Union de Mexico, may be more costly to complete than anticipated; business disruption during the pendency of the proposed acquisition and following the acquisition closing; risks related to disruption of management time from ongoing business operations and other opportunities due to the proposed acquisition; the effects of pending and future legislation and regulatory actions and reforms; macroeconomic and industry trends and adverse developments in the debt, consumer credit and financial services markets and other macroeconomic factors beyond TransUnion’s control; risks related to TransUnion’s indebtedness, including our ability to make timely payments on principal and interest and our ability to satisfy covenants in the agreements governing our indebtedness; and other one-time events and other factors that can be found in our Annual Report on Form 10-K for the year ended December 31, 2023, and any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are filed with the Securities and Exchange Commission and are available on TransUnion’s website (www.transunion.com/tru) and on the Securities and Exchange Commission’s website (www.sec.gov). Many of these factors are beyond our control. The forward-looking statements contained in this press release speak only as of the date of this press release. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this press release.
| Contact | Dave Blumberg |
| TransUnion | |
| david.blumberg@transunion.com | |
| Telephone | 312-972-6646 |
FAQ
What is the value of TransUnion's acquisition of Buró de Crédito's consumer credit business?
How much revenue is the acquired business expected to generate for TRU?
When is the TRU acquisition of Buró de Crédito expected to close?
What percentage stake will TRU own in Trans Union de Mexico after the acquisition?
How will TRU fund the Buró de Crédito acquisition?
