Data provider Dun & Bradstreet explores sale, sources say

Dun & Bradstreet Holdings

02/08/2024 18:07

By Milana Vinn, Anirban Sen and David French
       NEW YORK, Aug 2 (Reuters) - Data and analytics provider
Dun & Bradstreet  DNB.N , which has a market value of nearly $8
billion including debt, is exploring options including a
potential sale, people familiar with the matter said on Friday. 
    Jacksonville, Florida-based Dun & Bradstreet has been
working with investment bankers at Bank of America to evaluate
takeover interest from potential buyers, which include private
equity firms, the sources said.
    The sources, who requested anonymity because the matter is
confidential, cautioned that no deal is certain.
    Bank of America declined to comment. Dun & Bradstreet did
not immediately respond to a request for comment.  
    The company listed its shares in New York in 2020, less than
two years after an investor consortium led by CC Capital, Cannae
and Thomas H. Lee Partners took it private. Dun & Bradstreet's
shares have lost nearly 62% of their value since the company's
initial public offering. 
    Dun & Bradstreet, which traces its origins to 1841, is one
of Wall Street's oldest data and analytics providers. It
currently serves about 135,000 businesses, including 90% of the
Fortune 500 companies, according to its website. 

 (Reporting by Milana Vinn, Anirban Sen and David French;
Editing by Susan Fenton)
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