Clearlake to Acquire Dun & Bradstreet in $4.1 Billion Deal
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Clearlake Capital Group has made a deal to purchase Dun & Bradstreet Holdings Inc. for $4.1 billion, a well-known data and analytics provider on Wall Street. The private equity firm is set to pay $9.15 per share in cash for the Jacksonville, Florida-based company. This is the second time in seven years that Dun & Bradstreet will go private. During a 30-day go-shop period, the company will entertain other offers, having already attracted interest from private equity firms like Veritas Capital Fund Management. Despite this news, Dun & Bradstreet's shares rose about 3% in New York trading. The company's rich history dates back to the 1840s when it began as a network assessing business credit. Notably, four U.S. presidents have previously been associated with Dun & Bradstreet. Advisers for this acquisition include Bank of America Corp. for Dun & Bradstreet and a consortium of financial institutions for Clearlake. Bloomberg LP, the parent company of Bloomberg News, is a competitor to Dun & Bradstreet in financial information services.

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