TransUnion’s Largest Acquisition to Date Will Accelerate Growth of Identity-Based Solutions
TransUnion and Neustar Inc. (“Neustar”), announced that TransUnion has completed its $3.1 billion acquisition of Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.
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Neustar, a premier identity resolution company with leading solutions in Marketing, Fraud and Communications, enables customers to build connected consumer experiences by combining decision analytics with real-time identity resolution services driven by its OneID™ platform. Like TransUnion, Neustar has built its brand and reputation on fostering trusted connections between consumers and businesses to help them transact with greater confidence.
“We look forward to beginning a smooth integration of the two businesses,” said Chris Cartwright, President and CEO, TransUnion. “As digital commerce continues to grow globally, we’re confident that TransUnion’s powerful digital identity assets, augmented by Neustar’s distinctive talent, data, digital resolution capabilities, and products and services will extend trust among consumers and businesses and enhance our position as a global information and insights company.”
“This is an exciting milestone for Neustar,” commented Charlie Gottdiener, President and CEO, Neustar. “Solutions that facilitate global commerce by enabling secure online transactions are in great demand in today’s growing digital economy. The combination of TransUnion’s powerful digital identity assets and Neustar’s distinctive data and identity resolution capabilities presents enormous opportunities ahead.”
Neustar’s security business, Neustar Security Services, is excluded from the transaction and now operates as a standalone portfolio company of Golden Gate Capital and GIC.
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Deutsche Bank acted as lead M&A advisor to TransUnion. Deutsche Bank Securities Inc. also acted as lead financing arranger along with Bank of America, N.A., Capital One, N.A. and RBC Capital Markets who acted as joint arrangers for TransUnion. Simpson Thacher & Bartlett LLP served as legal advisor to TransUnion.
Evercore served as lead financial advisor to Golden Gate Capital and GIC. JP Morgan also served as a financial advisor, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor. Sidley Austin served as legal advisor to GIC.