Thomas Manning
Thomas Manning

Joele Frank is handling Dun & Bradstreet’s $7B deal to go private via a transaction bankrolled by an investment group of Thomas Lee Partners, CC Capital and Cannae Holdings.

Shareholders will receive $145 cash for each share, representing an 18 percent premium on the Aug. 7 closing price. D&B announced Feb. 12 that it launched “a strategic review” and a willingness to “consider all options for value creation.”

CEO Thomas Manning said the transaction to take the data and analytics company private followed a “thoughtful and comprehensive review of the value creation opportunities available.”

The merger agreement includes a go-shop period in which the 177-year-old D&B can solicit a better deal. The go-shop period runs 45 days.

Joele Frank, Wilkinson, Brimmer & Katcher’s Matthew Sherman, Michael Freitag and Jeffrey Kauth are handling media for D&B. The shop’s Jon Keehner, Julie Oakes and Tim Ragones work for the investor group.