Mijares Represents Six Mexican Banks in MXN11.4bn Credit Bureau Divestiture  

Mexican law firm Mijares, Angoitia, Cortés y Fuentes represented the six largest Mexican banks in the sale of their equity interests in TransUnion de México, S.A., S.I.C., the country’s largest consumer credit information provider, commonly known as Buró de Crédito, to the U.S. credit reporting agency TransUnion.

The transaction involved the divestiture by the banks of their collective equity stake in TransUnion de México. According to publicly disclosed information, the cash consideration for the transaction amounts to approximately MXN$11.4 billion (US$662 million). The transaction valuation was based on an enterprise value of approximately MXN$16.8 billion (US$976 million).

TransUnion de México operates as the largest provider of consumer credit information in the country and is widely recognized under its commercial name, Buró de Crédito. Credit bureaus play a central role in Mexico’s financial system by compiling and maintaining consumer credit data used by financial institutions in lending and risk assessment decisions.

The transaction agreement was signed in January 2025. Following execution, the deal was subject to review by relevant Mexican regulatory authorities. It was subsequently cleared by Federal Economic Competition Commission, Mexico’s antitrust authority, as well as by the Secretaría de Hacienda y Crédito Público (SHCP) and the National Banking and Securities Commission (CNBV), which oversee financial and banking sector regulation in Mexico.

The legal team at Mijares advising on the transaction included Pablo Mijares, partner in the firm’s mergers and acquisitions practice; Francisco Glennie, partner in the M&A practice; Juan Pablo Betancourt, partner in the banking and finance practice; and Daniela López, associate in the M&A group.

The matter reflects continued activity in the financial services sector in Mexico, particularly in transactions involving financial infrastructure and data providers that support lending and credit reporting functions.

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