On November 19, 2018, a $375M investment in Dun & Bradstreet Corp. a trailblazer in commercial data, analytics and business insights was approved by the Black Knight Board of Directors.
Companies of all sizes, all over the world have been using Dun & Bradstreet since 1841 to increase business operations. Dun & Bradstreet provides assistance by forming connections between suppliers, prospects, partners and clients that really count.
The investment consortium to secure Dun & Bradstreet is led by CC Capital a private investment firm, Thomas H. Lee Partners in private equity, and Cannae Holdings a diversified holding company is now joined by Black Knight.
Once the acquisition is finalized Anthony Jabbour, Black Knight’s Chief Executive Officer will take on the role of CEO of Dun & Bradstreet as well as maintain his position at Black Knight. In addition, Executive Chairman of Black Knight, William Foley II, will serve on the Dun & Bradstreet Board of Directors as Executive Chairman.
Managing Director and Founder of CC Capital, Chihn Chu declared, “We are pleased that Black Knight will invest alongside us in Dun & Bradstreet and that both Anthony and Bill will take on these new roles upon closing. We are confident that they are the right leaders to help unlock the significant potential within the venerable company.” Established in 2016 by Mr. Chu, CC Capital is a private investment firm concentrating on long-term investments in, and operations of, first-rate companies. Mr. Chu has a 25-year successful career to back him,
The acquisition of Dun & Bradstreet is expected to close within the first quarter of 2019. Under 20 percent of the newly acquired, Dun & Bradstreet will be owned by Black Knight
Shares of Dun & Bradstreet common stock will not be available to be traded on the New York Stock Exchange, as it will continue on as a privately held company after the acquisition has been finalized.
About CC Capital
CC Capital is a world renowned private investment firm founded by Chinh E. Chu. Chinh Chu is very well known in the financial world for his 25-year career at Blackstone in which he had a critical role in building its Private Equity side of the business. Mr. Chu also served as co-chairman of the Blackstone’s Private Equity Investment Committee and was also an integral player in their Executive Committee.
About Black Night
Black night is a publicly traded company that is known as one of the industry leaders of integrated software development & analytics solutions in the field of home-ownership. This leading fintech is relied upon by many clients for their state-of-the-art innovative software.
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