Experian is to acquire a 25% stake in UK mortgage broker and adviser London & Country Mortgages (L&C).
London-listed Experian claimed it was the first time that a specialist mortgage adviser and a global information services group of its kind had joined forces.
Experian, which is known for its consumer credit-report services, did not disclose the financial terms of the deal.
The duo said their partnership would improve the customer experience in the UK mortgage market, with Experian helping L&C to speed up the development of its digital proposition.
L&C’s chairman Mike Edge will remain the majority shareholder, leaving a “significant” portion of equity in the hands of L&C’s management and employees.
Experian shares were up by 0.96% as at 1358 GMT.