Dun & Bradstreet to be acquired by Clearlake Capital for $9.15 per share

Clearlake Capital announced that it has entered into a definitive agreement to acquire Dun & Bradstreet in a transaction valued at $7.7B, including outstanding debt / with an equity value of $4.1B. Under the terms of the agreement, which has been unanimously approved by Dun & Bradstreet’s board of directors, Dun & Bradstreet shareholders will receive $9.15 in cash for each share of common stock they own. The purchase price will be funded by Clearlake with a combination of equity and debt financing on the terms set forth in the respective commitment letters executed in connection with the transaction. The agreement provides for a “go-shop” period, during which Dun & Bradstreet, with the assistance of BofA Securities, will actively solicit, evaluate and potentially enter into negotiations with and provide due diligence access to parties that submit alternative proposals. The go-shop period is 30 days. Dun & Bradstreet will have the right to terminate the agreement and enter into a superior proposal, subject to the conditions and procedures specified in the merger agreement to be filed by Dun & Bradstreet with the SEC on Form 8-K. The transaction is expected to close in the third quarter of 2025, subject to Dun & Bradstreet shareholder approval, regulatory clearances and other customary closing conditions. The Dun & Bradstreet board unanimously recommends that shareholders vote to approve the merger at an upcoming special meeting of shareholders. Upon completion of the transaction, Dun & Bradstreet will become a privately held company and shares of Dun & Bradstreet common stock will no longer be listed on any public market.