US-based consumer credit reporting agency TransUnion has agreed to acquire a majority stake in Trans Union de Mexico, the consumer credit business of Buró de Crédito.
Buró de Crédito is a credit reporting agency based in Mexico that provides credit information and risk assessment services for individuals and businesses.
TransUnion currently owns around 26% of Trans Union de Mexico, held seats on its board of directors for over two decades, and serves as one of its technology providers.
It has agreed to acquire an additional 68% from selling shareholders, including several of the largest banks operating in Mexico.
The transaction consideration includes a cash component of around MXN11.5bn ($560m), based on an enterprise value of MXN16.8bn ($818m).
With the transaction, TransUnion would increase its ownership in Trans Union de Mexico to 94%, excluding Buró de Crédito’s commercial credit business.
The transaction is expected to close by the end of 2025, subject to the satisfaction of regulatory approvals and customary closing conditions.
TransUnion aims to fund the transaction through a combination of debt and available cash.
TransUnion president and CEO Chris Cartwright said: “Our expansion in Mexico continues our commitment to making trust possible in global commerce.
“Credit bureaus are a catalyst for financial inclusion, and we are excited for the opportunity to bring the benefits of our state-of-the-art technology, innovative solutions and industry expertise to Mexican consumers and businesses.
“We also look forward to supporting the country’s digital transformation objectives to empower consumers with increased economic opportunity.”
Upon closing, TransUnion will leverage its global operating model to strengthen Trans Union de Mexico’s services to the Mexican market, including efforts to drive financial inclusion.
TransUnion operates in more than 30 countries and intends to scale businesses worldwide.
Its advanced solutions include products that promote financial inclusion, mitigate fraud, and empower consumers to access credit and manage their financial health.
Also, the company’s global technology and operating model support customer experience, cybersecurity, and data governance.
TransUnion plans to expand its associates in Mexico to support the execution of the transaction and to further strengthen its capabilities within the region.
TransUnion International president Todd Skinner said: “We anticipate integrating the Buró de Crédito consumer credit business into our strong global operating model as part of our International segment.
“We expect to deliver strong growth over the long term, supported by favourable market dynamics and execution against our growth playbook.”
TransUnion Latin America regional president Carlos Valencia said: “We anticipate that our planned acquisition of Buró de Crédito’s consumer credit business will strengthen our leadership position in Latin America and will make TransUnion the largest credit bureau in Spanish-speaking Latin America.
“We see substantial opportunity to introduce global products like trended and alternative credit data, fraud mitigation solutions and consumer engagement tools.”
