Loeb & Loeb represented TransUnion, a global information and insights company with a presence in more than 30 countries across five continents, in its definitive agreement to sell G2 Web Services, Inc. (G2), Lundquist Consulting, Inc. (LCI) and Fintellix India Private Limited (Fintellix) to an affiliate of Stellex Capital Management LLC, a multi-sector investment firm.
According to the joint press release, the $176 million consideration consists of $104 million of cash and a $72 million promissory note with up to three years in duration. The companies are aiming to close the transaction by the end of the 2022 year, subject to the satisfaction of customary and other closing conditions and regulatory approval.
As leading and tenured businesses, G2, LCI and Fintellix focus on deploying sophisticated data-driven solutions to provide mission-critical risk, fraud mitigation and regulatory compliance services to their respective global clients within the financial and digital commerce sectors.
More information can be obtained from the companies’ joint press release.