EX-99.1
3
d237425dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Cannae Holdings, Inc. Announces Sale of Its Interest in Optimal Blue to Black Knight, Inc.
February 15, 2022
Total Transaction Value of
$578 Million
Proceeds Include Shares of Dun & Bradstreet and Cash
LAS VEGAS-(BUSINESS
WIRE)--Feb.
15, 2022-- 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%.
View source version on businesswire.com:
https://www.businesswire.c
om/news/home/20220214005918/en/
Jamie Lillis, Managing Director, Solebury Trout,
203-428-3223,
jlillis@soleburytrout.com
Source: Cannae Holdings, Inc.

EX - 99 . 1 3 d237425dex991 . htm EX - 99 . 1 EX - 99 . 1 Exhibit 99 . 1 Cannae Holdings , Inc . Announces Sale of Its Interest in Optimal Blue to Black Knight , Inc . February 15 , 2022 Total Transaction Value of $ 578 Million Proceeds Include Shares of Dun & Bradstreet and Cash LAS VEGAS - ( BUSINESS WIRE ) -- Feb . 15 , 2022 -- 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 out performer 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 % . View source version on businesswire.com : https : / / www . businesswire . c om / news / home / 20220214005918 / en / Jamie Lillis , Managing Director , Solebury Trout , 203 - 428 - 3223 , jlillis@soleburytrout.com Source : Cannae Holdings , Inc .
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