New Leaders and Investor for D&B as Sale Approaches

Commercial data giant Dun & Bradstreet (D&B) has received a $375m investment from software business Black Knight, which has joined a group of investors to acquire it. As part of the deal, Black Knight CEO Anthony Jabbour will lead D&B.

D&B, which traces its history back to 1841, boasts a database of more than 290 million business records worldwide, used to help connect firms with prospects, suppliers, clients and partners. In August, the company agreed to be acquired by an investor group led by CC Capital, Cannae Holdings and funds affiliated with Thomas H. Lee Partners, along with a number of other investors. Black Knight will own less than 20% of the re-capitalized company.

Following completion of the acquisition, Jabbour (pictured) will serve as Chief Executive of D&B alongside his current role, while William Foley, Executive Chairman of Black Knight, will serve as Executive Chairman of D&B's Board of Directors. Once the transaction is finalized, D&B will become a privately held company, and shares of its common stock will no longer trade on the New York Stock Exchange.

Jabbour comments: 'With an impressive 177-year legacy and the support of a phenomenal group of investors, Dun & Bradstreet is entering an important next chapter in its evolution as a company. I am excited by the opportunities in leading Dun & Bradstreet and look forward to working closely with management, Bill and the rest of the consortium and continuing the company's long history of excellence in helping customers and partners around the world'.

Web site: www.dnb.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.