Cannae Holdings, Inc. announced the closing of Clearlake Capital's acquisition of Dun and Bradstreet Holdings, Inc.
Cannae is set to receive $630 million in proceeds, with $90 million coming from the sale of 10 million shares of DNB in Q2 2025.
The company reaffirmed its commitment to utilizing $500 million of the proceeds for share repurchases, dividends, and debt repayment.
Proceeds from Sale
Cannae will receive $630 million in proceeds from the Dun & Bradstreet sale, including $90 million from shares sold in Q2 2025.
Strategic Value Creation Plan
The Board's strategic value creation plan focuses on rebalancing the portfolio, returning capital to shareholders, and improving operational performance of portfolio companies.
Shareholder Returns
Cannae plans to use at least $500 million from the proceeds to repurchase shares, pay dividends, and retire existing debt.
Investment Strategy
The company intends to invest in JANA Partners and Black Knight Football to drive shareholder returns and strengthen its portfolio.
Annual Shareholder Meeting
The 2025 annual meeting of shareholders is scheduled for December 12, 2025, to assess the strategic plan execution and capital return initiatives.
- The Dun & Bradstreet sale provides Cannae with significant capital to enhance its balance sheet and return capital to shareholders.
- Strategic investments in JANA Partners and Black Knight Football aim to generate returns and drive long-term value for shareholders.
The successful closing of the Dun & Bradstreet sale marks a crucial step in Cannae's strategic plan to create long-term shareholder value through capital returns and strategic investments.