The underwriters for the offering are Goldman Sachs, JPMorgan, Merrill Lynch, Deutsche Bank, RBC Capital Markets, Wells Fargo, Credit Suisse, Drexel Hamilton, Evercore ISI, Loop Capital Markets and Stifel.
A quick run of the numbers would show that TransUnion has roughly 1 billion consumer files and 65,000 business customers in over 30 countries. The company has more than 35 million consumers.
It is worth noting that this is poised to be the one of the largest IPOs so far this year. Another stat that might separate this offering from others is that Goldman Sachs owns about 48% of TransUnion but isn’t selling it as part of the IPO. In the IPO, roughly 29.5 million shares are being offered.
TransUnion is a global risk and information solutions provider to businesses and consumers. The company provides consumer reports, risk scores and analytical services. Businesses embed these solutions into their process workflows to acquire new customers, assess consumer ability to pay for services, identify cross-selling opportunities, measure and manage debt portfolio risk, collect debt, verify consumer identities and investigate potential fraud.
The company plans to use the proceeds from this offering to redeem all of its outstanding 9.635% senior notes due 2018 and all the outstanding 8.125% senior notes due 2018 at redemption prices equal to 100% and 102.031% of their face value, respectively.
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