CHICAGO – Private equity funds Carlyle Group, Bain Capital and Advent International reportedly are seeking to acquire TransUnion, one of the three major credit bureaus, in a deal that could top $2 billion.
TransUnion, which is owned by private equity fund Madison Dearborn Partners, said in July it planned to raise up to $325 million in an initial public offering, but also launched a sale process as the IPO market was effectively shut amid geopolitical and economic uncertainty. Madison Dearborn bought a 51% stake in the business last year from Chicago's Pritzker family, which controls the Hyatt hotel chain.
A decision on the business, which competes with firms such as Experian and Equifax, could come in the next two weeks, according to sources.
