GTCR sells credit reference company Callcredit in £1bn deal

Private equity firm GTCR has sold credit reference company Callcredit Information Group to TransUnion in a £1bn deal.

Founded in 2000, the UK-based company provides financial institutions and organisations in lending, insurance, telecom, utilities and public sectors with data, analytics and software to boost customer relations.

The company’s products offer real-time credit reporting and scoring, multi-bureau decisioning analysis, loan affordability assessments, customer account monitoring and management, fraud protection and identify verification.

Its fraud & ID solutions enables users to perform a range of comprehensive identity verification checks, verify the age customers and comply with anti-money laundering regulations.

GCTR acquired Callcredit in 2014 and since then the company has witnessed a ‘significant transformation’. The company has established itself in the market through investments in its technology to boost security and resilience, alongside three acquisitions to support growth plans.

TransUnion is a credit scoring and reporting platform which uses standard and historically trended data to make advanced analytics and decisions. The company’s solutions include customer credit reporting, fraud detection and prevention, identity verification, data breach services, portfolio management, healthcare revenue cycle management and customer analytics.

GTCR managing director Collin Roche said, “GTCR is proud to have supported Callcredit’s remarkable transformation and growth over the last few years. Callcredit enhanced its capabilities and product offerings, added several new clients, and deepened its long-standing relationships with existing clients while maintaining its agility and customer-centric culture that have underpinned its success to date.”

Last year, Flexpoint Ford completed a buyout of Dash Financial Technologies from GTCR, for an undisclosed amount. The company is a multi-asset trading technology, execution services, analytics and RegTech platform to simplify and optimise trading workflows.

Copyright © 2018 RegTech Analyst

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