TRU · 10-Q · 2026Q1 · Full report

Trans Union de Mexico Acquisition

TransUnion · 2026-04-28 · Importance 92 · Surprise 100

TransUnion completed the acquisition of Trans Union de Mexico (March 2026), which materially increased cash used in investing activities and was funded in part with borrowings under the Senior Secured Revolving Credit Facility. The filing states the increase in cash used in investing activities was due primarily to the acquisition (cash used in investing increased by $500.1 million for the quarter) and that the company had $520.0 million outstanding borrowings under the Revolving Credit Facility to fund a portion of the cash purchase price. The company also recognized fair value and impairment adjustments related to M&A (including a gain on the Trans Union de Mexico acquisition), and included pre-acquisition Adjusted EBITDA related to Trans Union de Mexico in its trailing twelve months disclosure (Adjust EBITDA for pre-acquisition period $72.1 million).

Key facts

• After the March 2, 2026 transaction, TransUnion’s total equity interest in Trans Union de Mexico is approximately 94%, representing a controlling financial interest and resulting in consolidation.
• On March 2, 2026, TransUnion acquired approximately a 68% equity interest in Trans Union de Mexico for total cash consideration of $659.7 million.
• For the three months ended March 31, 2026 TransUnion recognized a gain on acquisition of affiliate of $225.5 million related to the acquisition of a majority ownership interest in Trans Union de Mexico.
• TransUnion remeasured its initial 26% investment in Trans Union de Mexico to a fair value of $247.4 million and recorded a non-taxable gain of $225.5 million within gain on acquisition of affiliate.
• Prior to the March 2, 2026 transaction, TransUnion owned approximately a 26% equity interest in Trans Union de Mexico that was accounted for under the equity method.
• Trans Union de Mexico’s results of operations subsequent to the March 2, 2026 acquisition date are reflected in the Latin America reporting unit in TransUnion’s International segment for the three months ended March 31, 2026.
• The increase in cash used in investing activities was due primarily to the acquisition of Trans Union de Mexico, partially offset by proceeds from the sale of two Cost Method Investments and a prior year investment in a note receivable
• The increase in cash provided by financing activities was due primarily to borrowings from the Senior Secured Revolving Credit Facility for the purchase of Trans Union de Mexico, partially offset by dividends paid to shareholders of Trans Union de Mexico

Impact estimates