 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.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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