Pritzker Family Business Interests and Madison Dearborn Partners Close Partnership for TransUnion
CHICAGO, IL--(Marketwire - June 15, 2010) - TransUnion Corp., a global leader in credit information and information management services, announced today that Madison Dearborn Partners, LLC and the Pritzker family business interests have completed their previously announced partnership. Under the terms of the transaction, Madison Dearborn has acquired a 51 percent equity stake in TransUnion, with the Pritzker family business interests retaining an approximate 49 percent ownership interest in the Company.
"We are pleased that we have now successfully formed this partnership. Madison Dearborn and the Pritzker family share a long-term view of TransUnion and we look forward to working together to capitalize on the numerous growth opportunities before us," said Penny Pritzker, Chair of TransUnion.
"We look forward to this next chapter for TransUnion and to working with Madison Dearborn Partners and the Pritzker family business interests to accelerate the execution of our strategy and deliver valuable solutions to help our customers achieve their goals," said Bobby Mehta, President and Chief Executive Officer of TransUnion.
Madison Dearborn's objective is to invest in and partner with companies that have strong management teams and business strategies to achieve significant, long-term appreciation in value.
"TransUnion is a market-leading organization with an outstanding management team and a clear path to continued success," said Tim Hurd, a Managing Director at Madison Dearborn. "We plan to work closely with TransUnion's leadership team and the Pritzker family business interests to lend our expertise and help TransUnion achieve its diversification and growth objectives."
About TransUnion
As a global leader in credit information and information management services, TransUnion creates economic and competitive advantages for businesses and consumers. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive solutions that leverage data, advanced analytics and decisioning technology. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs associates in more than 25 countries on five continents. www.transunion.com/business.
About Madison Dearborn Partners
Madison Dearborn Partners, LLC, based in Chicago, is one of the most experienced and successful private equity investment firms in the United States. The firm has raised over $18 billion of capital since its formation in 1992 and has invested in more than 100 companies. Madison Dearborn invests in businesses across a broad spectrum of industries, including basic industries, communications, consumer, energy and power, financial services, and health care. Its noteworthy financial services investments include Nuveen Investments, CapitalSource, and PayPal. For more information, please visit www.mdcp.com.
