By Chelsey Dulaney
TransUnion Corp. on Tuesday restarted the process for an initial
public offering, three years after the credit-reporting company was
acquired in a $3 billion deal that ended its earlier run at going
public.
TransUnion filed paperwork for an initial public offering with
the Securities and Exchange Commission, saying it is looking to
raise up to $100 million, according to a regulatory filing. The
figure is a placeholder and is likely to change.
Three years ago, Advent International and Goldman Sachs Group
Inc.'s private-equity unit acquired TransUnion, short-circuiting an
initial public offering effort that began in mid-2011. Rising
interest in corporate debt enabled Advent and Goldman to make
TransUnion's former owners, Madison Dearborn Partners Inc. and the
Pritzker family, a large enough offer to sway them to sell to the
private-equity investors, The Wall Street Journal reported in
2012.
TransUnion said it plans to use proceeds from the offering to
repay debt. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch and
Deutsche Bank Securities are joint book-runners for the
offering.
As part of Tuesday's filing, TransUnion disclosed financial
information for the past several years.
In 2014, TransUnion said it narrowed its loss to $12.5 million,
or 11 cents a share, from $35.1 million, or 32 cents a share, in
2013. Revenue, meanwhile, grew 10.3% to $1.3 billion.
Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com
Access Investor Kit for The Goldman Sachs Group, Inc.
Visit
http://www.companyspotlight.com/partner?cp_code=P479&isin=US38141G1040
Access Investor Kit for JPMorgan Chase & Co.
Visit
http://www.companyspotlight.com/partner?cp_code=P479&isin=US46625H1005
Subscribe to WSJ: http://online.wsj.com?mod=djnwires