Experian swoops in £251m US deal

Experian, the Nottingham-headquartered information services company, is set to buy CSIdentity Corporation (CSID), a US provider of consumer identity management and fraud detection services.

The deal is subject to Hart-Scott-Rodino regulatory approval in the US and other customary closing conditions. The purchase price is £251m, which will be funded from Experian’s existing bank facilities.

Brian Cassin, chief executive officer of Experian said: “The acquisition of CSID accelerates execution of our Consumer Services strategy and enables us to address a broader spectrum of the consumer market.

“By combining Experian and CSID capabilities, we will provide best-in-class products to give consumers greater control over their identity and credit information in one proposition.

“We look forward to welcoming the CSID team to Experian and building stronger and ever more compelling services which help consumers to protect, manage and make the most of their data. Following completion, we expect CSID to be immediately enhancing to Group earnings.”

CSID is being acquired from private equity and other investors, management and employees and will form part of Experian Consumer Services in North America.