Update: The transaction officially closed on February 8th.
“ As a private company, Dun & Bradstreet is well positioned to reinvigorate growth and I look forward to partnering with [new CEO] Anthony [Jabbour], [new President] Stephen [C. Daffron] and the Board in my new role. Building on Dun & Bradstreet’s strong platform as a global leader in business insights, I look forward to improving growth and customers’ experience, while increasing operating efficiencies to deliver enhanced business solutions across the world.”
William P. Foley II, Executive Chairman of Dun & Bradstreet’s Board of Directors
It looks like the Dun & Bradstreet privatization is going better than Theresa May’s Brexit plans. The UK Financial Conduct Authority approved the sale of Dun & Bradstreet to an investor group led by CC Capital, Cannae Holdings, Bilcar, LLC, Black Knight, Inc. and funds affiliated with Thomas H. Lee Partners, L.P. At this point, all governmental approvals have been granted.
The deal entered a fifteen day debt financing window which ends on February 7th. The deal is expected to close no later than February 11th.