Dun & Bradstreet’s (DNB) stock saw a significant uptick this morning following news of a major acquisition. Clearlake Capital Group, a private equity firm, has agreed to purchase the Jacksonville, Florida-based company for $4.1 billion, marking the second time in just seven years that Dun & Bradstreet has gone private.
Under the terms of the deal, Clearlake will pay $9.15 per share in cash, a premium over the company’s current market value. As of Friday’s close, Dun & Bradstreet had a market capitalization of approximately $3.9 billion. However, Clearlake’s offer, which includes the company’s debt, values the business at around $7.7 billion, reflecting a significant increase in the company’s total worth.
This move follows a Bloomberg News report earlier in the week, and the deal is expected to close later this year. The buyout signals a new chapter for Dun & Bradstreet, a global leader in data and analytics, as it returns to private ownership.
