Experian Is Spun Off
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ORANGE — TRW Information Services & Systems operation completed its $1-billion spin-off Thursday from automotive and aerospace giant TRW Inc. David van Skilling, general manager when the business was a TRW unit, is now chairman and chief executive of Experian, the new company.
Skilling and other managers are investors in the buyout led by Boston investment funds Bain Capital Inc. and Thomas H. Lee Co. Cleveland-based TRW has a stake of nearly 20% in the new company, which will continue to be headquartered in Orange.
Experian is one of the nation’s largest consumer and business credit reporting firms and also provides customers with real estate and public records data, direct marketing information and custom analyses of credit risks. The company has 3,600 employees in more than 100 locations around the world.
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