Consumer credit reporting agency Equifax has agreed to buy the credit services unit of Computer Sciences Corporation (CSC) for $1 billion in cash.
Kilpatrick Townsend & Stockton
is advising Equifax on the deal through corporate partners W. Stanley Blackburn and Gregory Cinnamon, executive compensation and employee benefits partner Jennifer Schumacher, and tax partner Lynn Fowler, all of whom are based in Atlanta.
M&A partner Neel Lemon is leading a team from the firm advising CSC that includes corporate partner Courtney York, employee benefits partner James Raborn, tax partner Stephen Marcus, and IP partner Bradley Williams. The firm has long handled corporate, litigation, and regulatory work for CSC.
The NLJ reported last week
that specialty credit reporting companies like Equifax, Experian, and TransUnion have come under scrutiny from regulators like the Consumer Financial Protection Bureau, which want people to have easier access to free copies of their annual credit reports. Earlier this year, the CFPB proposed new rules to supervise large credit reporting agencies and debt collectors,
according to the NLJ