TransUnion considers sale

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TransUnion, the Madison Dearborn and Pritzker family business, is exploring a sale at the same time it pursues an initial public offering, two industry sources told dealReporter.

The Chicago-based credit and information services company filed an S-1 with the SEC in early July. BofA Merrill Lynch is the lead underwriter on the offering.

BofA is also working on the sale process, said the first source. According to the same source, the company collected first round bids this past Wednesday.

TransUnion may be only reaching out to a select group of potential bidders, said the second source, who noted an S-1 is an excellent marketing tool for a company.

TransUnion did not immediately return requests for comment on Friday evening. Madison Dearborn and BofA said they had no comment on the matter.

In its SEC filing, TransUnion reported USD 335m in ttm EBITDA as of 31 March and said it had USD 1.6bn in long-term debt.

Madison Dearborn acquired a 51% equity stake in TransUnion from the Pritzker family in April 2010. Terms for that deal were not disclosed.

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