Jacksonville FL: Black Knight to Invest in Dun & Bradstreet
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JACKSONVILLE, Fla., Nov. 19, 2018 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) today announced that its Board of Directors has approved a $375 million investment in Dun & Bradstreet, a global leader in commercial data, analytics and insights for businesses. Black Knight will join an investment consortium led by CC Capital, Cannae Holdings and Thomas H. Lee Partners, L.P. which has announced plans to acquire Dun & Bradstreet. The Black Knight investment will represent an economic ownership interest of less than 20% in the re-capitalized Dun & Bradstreet. As previously announced, the acquisition is expected to close no later than the first quarter of 2019.
Following the completion of the acquisition, Anthony Jabbour, Black Knight's Chief Executive Officer, has agreed to serve as Chief Executive Officer of Dun & Bradstreet while continuing in his current role at Black Knight. Additionally, William P. Foley II, Executive Chairman of Black Knight, will serve as Executive Chairman of Dun & Bradstreet's Board of Directors.
"Dun & Bradstreet is a well-established market leader that will benefit greatly from this investment group's proven track record of harnessing companies' potential and generating long-term growth," said Foley. "I am confident that with Anthony's leadership, expertise and experience as well as the dedication of Dun & Bradstreet's talented employees, the company's best days are ahead."
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