Dun & Bradstreet Explores Potential Sale Amid Market Challenges
Data and analytics provider Dun & Bradstreet, valued at nearly $8 billion, is contemplating options including a possible sale. The Jacksonville, Florida-based company is working with Bank of America to assess interest from potential buyers, primarily private equity firms. No deal is confirmed as of now.
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Data and analytics provider Dun & Bradstreet, with a market value of nearly $8 billion, is exploring strategic options such as a potential sale, sources said on Friday.
Based in Jacksonville, Florida, Dun & Bradstreet is collaborating with Bank of America to gauge takeover interest from potential buyers, including private equity firms. The sources, familiar with the matter, cautioned that no deal is assured.
Bank of America declined to comment, and Dun & Bradstreet did not immediately respond to requests for comment. The company went public in 2020, less than two years after it was taken private by an investor group led by CC Capital, Cannae, and Thomas H. Lee Partners. Since its IPO, the company's shares have declined nearly 62%.
Founded in 1841, Dun & Bradstreet is one of Wall Street's oldest data and analytics providers, currently serving around 135,000 businesses, including 90% of the Fortune 500 companies.
(With inputs from agencies.)