TransUnion to acquire Monevo, terms not disclosed

TransUnion (TRU) has signed a definitive agreement to acquire U.K.-based Monevo, a credit prequalification and distribution platform that empowers lenders and banks to deliver highly personalized credit offers to consumers via comparison websites and other third parties. TransUnion currently owns 30% of the equity of Monevo after acquiring a minority stake in 2021 and has agreed to acquire the remaining ownership position from Quint Group Limited. The terms of the transaction are not being disclosed. The transaction is expected to be funded with existing cash-on-hand and not to have a material impact on leverage, liquidity or TransUnion’s 2025 operating results. The transaction is expected to close by Q2 2025, subject to the satisfaction of customary closing conditions and regulatory approvals.