Advent, Goldman Sachs Unit to Buy TransUnion for $3 Billion

February 17, 2012 11:35 AM EST

(REUTERS) - Credit reporting firm TransUnion Corp. has agreed to be bought by buyout firm Advent International and a Goldman Sachs unit in a deal valued at $3 billion.

The deal is expected to close late first quarter or the second quarter of this year, the company said in a statement.

TransUnion Chief Executive Bobby Mehta will remain with the company.

TransUnion competes with firms such as Experian Plc and Equifax Inc .

(Reporting by Tanya Agrawal in Bangalore; Editing by Sriraj Kalluvila)

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