M&A · Industrials · Services-Consumer Credit Reporting, Collection Agencies
Clearlake Capital Group, L.P. to acquire Dun & Bradstreet Holdings, Inc.
Announced Mar 24, 2025 · Closed Aug 26, 2025
Deal value$7.70BEV $7.36B
Premium8.0%To unaffected price
EV / Adj. EBITDA8.6x3.1x EV / Revenue
ConsiderationAll cash$9.15 per share
Transaction
- Acquirer
- Clearlake Capital Group, L.P.
- Target
- Dun & Bradstreet Holdings, Inc. (DNB)
- Buyer type
- Private equity
- Offer price per share
- $9.15
- Enterprise value
- $7.36B
- Status
- Closed Aug 26, 2025
Deal protections
- Break fee (target pays)
- $123M · 1.6%
- Reverse fee (buyer pays)
- $266M · 3.5%
- Go-shop
- Go-shop
- Financing
- Committed · Morgan Stanley, Barclays, Citigroup, Deutsche Bank, Goldman Sachs, HSBC +2
Advisors
- To the acquirer
- Morgan Stanley, Goldman Sachs, JPMorgan, Rothschild & Co, Barclays, Citigroup, Deutsche Bank, Santander, Wells Fargo
- To the target
- BofA Securities
- BofA Securities fee
- $54.0M
Sector context · Industrials
- Comparable deals
- 87 in the prior 24 months
- Premium
- 8.0% vs. 38.0% sector median
- EV / Adj. EBITDA
- 8.6x vs. 9.2x sector median
- Break fee
- 1.6% vs. 2.8% sector median
Timeline
- AnnouncedMar 24, 2025
- Proxy filedApr 29, 2025
- Definitive proxyMay 14, 2025
- Shareholder voteJun 12, 2025
- ClosedAug 26, 2025
Valuation · fairness opinions
Trading comparables$7.90$11.40
Trading comparables$8.30$11.25
Trading comparables$6.45$10.25
Trading comparables$6.60$10.10
Trading comparables$6.35$11.55
Offer $9.15
Implied value per Dun & Bradstreet Holdings, Inc. share by analysis, from BofA Securities · DCF discount rate 9.5%–11.5%.