Chicago-based private equity firm GTCR agreed the deal alongside Callcredit CEO John McAndrew, with previous owner, mid-market private equity firm Vitruvian Partners, which has held the firm since 2009.
Callcredit employs around 1,000 professionals in the UK, up from 500 in 2009, and has operations in Japan, China, Dubai and Lithuania. The credit reference agency side launched Noddle, a free credit reference service for consumers.
The company continues to take on new clients among the UK’s largest financial institutions and organisations in the alternative lending, insurance, telecom, utilities and public sectors, among others.
Since its inception in 1980, GTCR has invested more than $10bn in over 200 companies, with extensive experience in the financial technology, data analytics, and software sectors.
John McAndrew, chief executive of Callcredit, said: “I am extremely pleased that Callcredit is partnering with GTCR. They understand technology and added-value growth. They are very clear in wanting us to continue to succeed by helping our customers thrive in this challenging environment of increasing regulation, rapid technological change, and heightened competition.”
