Cannae holdings, inc. announces sale of its interest in optimal blue to black knight, inc.

Las vegas--(business wire)--cannae holdings, inc. (nyse: cnne) (“cannae” or the “company”) today announced that it has sold its 20% interest in optimal blue holdco, llc (optimal blue) to black knight, inc. (nyse:bki) for total consideration of $578 million. william p. foley ii, chairman of cannae, commented, “optimal blue has been a terrific operation and outperformer from day one of our investment, culminating in a 2x return on our $289 million investment made less than 18 months ago.” the consideration received is comprised of $144.5 million in cash and 21.8 million shares of dun & bradstreet holdings, inc. (“dun & bradstreet” or “d&b”) valued at $433.5 million. this transaction, after fees, increases cannae’s ownership of d&b from 68 million shares, or 16%, to 88 million shares, or 20% of dun & bradstreet. foley continued, “we continue to see expanding growth opportunities both organically and inorganically in d&b and are excited to increase our commitment in terms of share ownership.” about cannae holdings, inc. cannae holdings, inc. (nyse: cnne) is engaged in actively managing and operating a group of companies and investments, as well as making additional majority and minority equity portfolio investments in businesses. cannae’s current principal holdings include dun & bradstreet holdings, inc. (nyse: dnb), in which cannae holds 88 million shares or 20% interest. cannae’s second principal holding is ceridian (nyse: cday), in which cannae owns 8 million shares representing 5% interest. cannae holds 60 million shares, or 8% of paysafe (nyse: psfe), as well as 8.1 million paysafe warrants. cannae also holds 52.5 million shares, or 10%, of alight, inc. (nyse: alit), and 28.2 million shares, or 26%, of system1, inc. (nyse: sst), as well as 1.2 million warrants to purchase sst shares. cannae’s other principal holdings include sightline payments, of which cannae owns 33%.
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