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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Experian plc    EXPN   GB00B19NLV48

EXPERIAN PLC

(EXPN)
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Experian : to Buy ClearScore for GBP275 Million

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03/15/2018 | 05:21am EST

By Maryam Cockar

Experian PLC (EXPN.LN) said Thursday that it will buy ClearScore Ltd., a U.K. provider of financial services and products, for 275 million pounds ($384.1 million).

Experian said the deal is subject to regulatory approval by both the U.K. Competition & Markets Authority and Financial Conduct Authority and is expected to close later this year.

It said other payments in addition to the GBP275 million consideration could be made, subject to ClearScore's performance.

The credit-reporting company also said it will fund the acquisition with its existing bank facilities, and ClearScore is expected to be accretive to earnings in the first full fiscal year of ownership.

ClearScore provides consumers to free access to credit reports and scores as well as personal financial products, and has enrolled more than six million members in the U.K. through its free membership model, Experian said.

Experian Chief Executive Brian Cassin said the ClearScore acquisition is part of the company's strategy to extend the services it provides to U.K consumers.

Write to Maryam Cockar at maryam.cockar@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
EXPERIAN PLC 2.90% 2693 Delayed Quote.5.53%
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Financials (USD)
Sales 2020 5 189 M
EBIT 2020 1 395 M
Net income 2020 846 M
Debt 2020 3 705 M
Yield 2020 1,38%
P/E ratio 2020 37,9x
P/E ratio 2021 33,4x
EV / Sales2020 6,88x
EV / Sales2021 6,31x
Capitalization 31 987 M
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Technical analysis trends EXPERIAN PLC
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 34,20  $
Last Close Price 35,22  $
Spread / Highest target 21,7%
Spread / Average Target -2,90%
Spread / Lowest Target -22,6%
EPS Revisions
Managers
NameTitle
Brian Jude Cassin Chief Executive Officer & Executive Director
Michael John Rogers Chairman
Kerry L. Williams Chief Operating Officer & Director
Lloyd Mark Pitchford Chief Financial Officer & Director
Barry J. Libenson Chief Information Officer
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