Cannae Holdings Receives $630M from Dun & Bradstreet Sale.

Cannae Holdings has completed the sale of Dun & Bradstreet to Clearlake Capital for $7.7 billion. Cannae will receive $630 million in proceeds, including $90 million from shares sold in Q2 2025. The company plans to use $500 million of the proceeds for share repurchases, dividends, and debt repayment. This marks another step in Cannae's strategic value creation plan to drive long-term shareholder value. The annual meeting will be held on December 12, 2025.

Cannae Holdings, Inc. (NYSE: CNNE) has completed the sale of Dun & Bradstreet Holdings, Inc. (DNB) to Clearlake Capital for $7.7 billion. Cannae will receive $630 million in proceeds, including $90 million from the sale of 10 million shares of DNB in the second quarter of 2025 [1]. The company plans to use $500 million of the proceeds for share repurchases, dividends, and debt repayment, as part of its strategic value creation plan to drive long-term shareholder value.

The sale of DNB represents another successful step in Cannae’s strategic plan, which includes rebalancing its portfolio, returning capital to shareholders, and improving the operational performance of its portfolio companies. Cannae's Chief Executive Officer, Ryan Caswell, stated, "We are pleased with the closing of the Dun & Bradstreet sale and would like to congratulate and thank the DNB Board of Directors and management team for all their hard work. The successful transaction provides significant capital to Cannae to further execute on our strategic plan by strengthening our balance sheet, allowing for significant capital returns to our shareholders and creating flexibility as a permanent capital vehicle" [1].

The company has already returned approximately $177 million to shareholders by repurchasing 9.1 million shares of Cannae common stock this year. Additionally, Cannae expects to deliver $67.5 million in cash upon the closing of its previously announced transaction to acquire an additional 30% ownership stake in Jana Partners (JANA), bringing Cannae's total ownership position to 50% post-close. Cannae also plans to invest $30 million in JANA funds and $25 million to complete its commitment to Black Knight Football's most recent capital raise [1].

The annual meeting of shareholders is scheduled for December 12, 2025, allowing shareholders to assess the execution of Cannae’s strategic plan and the value created by these initiatives. Further information about the meeting will be set forth in Cannae’s definitive proxy statement to be filed with the Securities and Exchange Commission (SEC) [1].

References:

[1] https://www.businesswire.com/news/home/20250826482995/en/Cannae-Holdings-Inc.-Notes-Closing-of-Dun-Bradstreet-Sale-and-%24630-Million-in-Proceeds