Cannae repurchased 10.8M shares ($225M) in 2022; sold AmeriLife at 2.7x; invested in AFC Bournemouth

Cannae Holdings, Inc.

Repurchased 10.8M shares ($225M) in 2022, representing 12% of shares outstanding; since May 2021, returned ~$400M via buybacks.
Sold remaining 29% of AmeriLife for $95M; total cash proceeds $243M for 75% of initial investment, a 2.7x return; retains 5% stake valued at $89M.
Sold 1M Ceridian shares in Feb 2023 for $78M (13x return); now holds 5M shares (3% of CDAY).
Invested $86M in Computer Services (CSI) for ~9% interest; committed ~$133M for 50.1% of Black Knight Football (AFC Bournemouth).
Liquidity: $274M corporate cash; $85M drawn on FNF credit facility; $250M margin loan fully utilized.

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