TransUnion has signed a definitive agreement to sell G2 Web Services, Lundquist Consulting – LCI – and Fintellix India, to an affiliate of Stellex Capital, a global, multi sector investment firm with offices in New York, Detroit, Pittsburgh and London with over $2.6B in AUM. The $176M consideration consists of $104M of cash and a $72M note receivable with up to three years in duration. The companies are targeting to close the transaction by the end of the year. TransUnion expects to use the net cash proceeds to pre-pay debt. TransUnion acquired Verisk Financial Services in April 2022 for $515M for its proprietary database of card and deposit transactions, and related advisory services.
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