Private equity firm Stellex Capital Management, through its affiliate, has agreed to acquire G2 Web Services, Lundquist Consulting, and Fintellix India from TransUnion, a US-based consumer credit reporting agency, for $176 million.

The consideration includes $104 million of cash and a $72 million note to be issued with a duration of up to three years.

The American consumer credit reporting agency anticipates using the net cash proceeds from the transaction to pre-pay debt.

G2 Web Services, Lundquist, and Fintellix deploy data-driven solutions to deliver mission-critical risk, fraud mitigation, and regulatory compliance services in the financial and digital commerce segments.

Stellex Capital Management is expected to invest in the G2 Web Services, Lundquist, and Fintellix businesses to drive value for their customers and utilize its operating network to further improve value creation opportunities.

Chris Cartwright — TransUnion President and CEO said: “We are confident that Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insight and access to capital make it an ideal home for these businesses, and we look forward to a smooth transition.”

Subject to regulatory approval and other customary closing conditions, the transaction is expected to close by the end of the year.

TransUnion acquired the G2 Web Services, Lundquist, and Fintellix businesses following the purchase of Verisk Financial Services from data analytics provider Verisk for $515 million in April 2022.

Along with these three businesses, TransUnion acquired Argus Information & Advisory Services and Commerce Signals, which would be retained by the company.

Founded in 2014, Stellex Capital Management is a multi-sector investment firm with offices in New York, Pittsburgh, Detroit, and London with more than $2.6 billion in assets under management.

TransUnion has a footprint in more than 30 countries spanning five continents.

  Chris Cartwright, compliance, data analytics, G2 Web Services, Lundquist Consulting, Stellex Capital Management, TransUnion, Verisk