M&A
confidence high
sentiment positive
materiality 0.75
Cannae sells 20% Optimal Blue stake to Black Knight for $578M; 2x return in 18 months
Cannae Holdings, Inc.
- Total consideration: $144.5M cash + 21.8M shares of Dun & Bradstreet (DNB) valued at $433.5M.
- Original investment of $289M returned 2x; deal closed Feb 15, 2022.
- Cannae's DNB ownership increases from 68M shares (16%) to 88M shares (20%).
- Chairman Foley cites expanded growth opportunities in D&B both organically and inorganically.