Completion of the deal is contingent on the satisfaction of regulatory approvals and standard closing conditions. Credit: Scott Graham on Unsplash

TransUnion has entered a deal to acquire a majority stake in Trans Union de Mexico, the consumer credit unit of Mexican credit bureau Buró de Crédito, for $560m in cash.

This deal will increase information and insights company TransUnion’s stake in Trans Union de Mexico from around 26% to roughly 94%.

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The transaction, which is anticipated to be finalised by the end of 2025, excludes Buró de Crédito’s commercial credit business.

Completion of the deal is contingent on the receipt of regulatory clearances and standard closing conditions.

TransUnion will use debt and existing cash reserves to fund the acquisition.

The deal is projected to bring in about $145m in revenue and $70m in adjusted EBITDA for TransUnion in 2024, while being accretive to its adjusted diluted earnings per share in the first year of majority ownership.

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Post-acquisition, TransUnion plans to use its global operating model to enhance the offerings of Trans Union de Mexico.

The aim is to advance financial inclusion in Mexico, positioned as the twelfth largest global economy and the second largest in Latin America.

A press release from TransUnion highlights that over half of the adult population in Mexico has at least one financial product, indicating a promising market for consumer credit services.

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. We also plan to expand beyond traditional financial services into adjacencies such as FinTech and insurance.”

This move follows TransUnion’s recent agreement to fully acquire UK-based credit prequalification and distribution platform Monevo.