Equifax Expands in Mexico With $750 Million Círculo de Crédito Deal

Equifax has agreed to buy Mexico’s Círculo de Crédito for an enterprise value of $750 million , marking a major expansion into Latin America’s second-largest economy. The deal is expected to close in the fourth quarter, pending regulatory approvals. Círculo is a fast-growing business with $134 million in revenue over the last 12 months and 31% growth , plus adjusted EBITDA margins in the mid-40% range. Equifax said the acquisition should be accretive to earnings in its first full year of ownership. Equifax plans to use the acquisition to deepen its presence in Mexico by adding its cloud-native technology, AI, analytics, fraud prevention and identity tools to Círculo’s platform. The company also highlighted Círculo’s strong position in fintech, retail and alternative data as a key source of future growth and synergies. Equifax NYSE: EFX said it has signed a definitive agreement to acquire Círculo de Crédito, which Chief Executive Officer Mark Begor described as the fastest-growing credit bureau in Mexico, for an enterprise value of $750 million. During an investor update call, Begor said the acquisition would expand Equifax into Mexico, “the second largest economy in Latin America,” and give Círculo de Crédito customers access to Equifax’s cloud-native technology, decisioning and analytics capabilities, EFX.AI technology, and identity protection and fraud prevention offerings. The transaction is expected to close in the fourth quarter, subject to customary closing conditions and regulatory approvals. Begor said Equifax has been focused on entering Mexico for years, including efforts dur...