TransUnion in US$ 325 Million Initial Public Offering

Posted by Joachim Bartels | Jul 8, 2011 | Consumer Credit Information, Member, Member News, TransUnion, United States | 0 |

TransUnion, which is owned by private equity firm Madison Dearborn Partners and Chicago’s Pritzker family, plans to sell up to $325 million in stock in an initial public offering.

In a filing with the Securities and Exchange Commission on Tuesday, the Chicago-based company said it would use the proceeds to reduce “a substantial amount of indebtedness” and for general corporate purposes.

As of March 31, TransUnion had total debt of $1.6 billion according to its registration statement with the SEC. TransUnion had revenues of $956.5 million in 2010, and made $36.6 million. In the first quarter, it posted revenues of $245.9 million and lost $25.5 million.

Source: Chicago Tribune

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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