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Friday, February 17, 2012

Trans Union being sold for $3 Billion

According to reports from Trans Union, one of the three national credit bureaus, A group led by Advent International and a Goldman Sachs investment fund are purchasing Trans Union for a reported $ 3 Billion dollars. That's a lot.

Although Trans Union announced an IPO last year, it never went through with it and is therefore still privately owned, primarily by the private equity firm Madison Dearborn Partners and the Pritzker family. The Pritzker family originally the Marmon Group, which at some point spun off Trans Union.

The sale is expected to go through in the second quarter. According to Trans Union, it's CEO and its top management will remain with the company.

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