Dun & Bradstreet’s $1.7 Billion Initial Public Offering

Latham & Watkins LLP represented the underwriters in the offering.

Dun & Bradstreet Holdings, Inc. (Dun & Bradstreet), a leading global provider of business decisioning data and analytics, priced its initial public offering of 78,302,272 shares of common stock at an initial public offering price of US$22 per share. The shares are expected to begin trading on the New York Stock Exchange on July 1, 2020 under the symbol “DNB.” The initial public offering is expected to close on July 6, 2020, subject to the satisfaction of customary closing conditions.

In addition, a subsidiary of Cannae Holdings, Inc., a subsidiary of Black Knight, Inc., and a subsidiary of CC Capital Partners, LLC plan to invest US$200 million, US$100 million, and US$100 million, respectively, in a concurrent private placement of Dun & Bradstreet’s common stock at a price per share equal to US$21.67. Such concurrent private placement is contingent upon the consummation of the offering.

Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan and Barclays acted as joint lead book running managers and representatives of the underwriters for the offering. Citigroup, Credit Suisse, HSBC, Jefferies, RBC Capital Markets, Wells Fargo Securities, Deutsche Bank Securities, BMO Capital Markets, SunTrust Robinson Humphrey and TD Securities also acted as book-running managers for the offering. William Blair, Raymond James, Stephens Inc., Academy Securities and Loop Capital Markets acted as co-managers for the offering.

Latham & Watkins LLP represented the underwriters in the offering with a corporate team led by New York partners Marc Jaffe (Picture), Ian Schuman, and Stelios Saffos, with associates Scott Westhoff, Ben Winnett, Patrick Maguire, and Greer Gaddie. Advice was also provided on tax matters by Chicago partner Joseph Kronsnoble, with associate Christopher Ohlgart; on benefits and compensation matters by Los Angeles/Century City partner Larry Seymour, with associates Megan Ampe and Sara Schlau; on technology and IP matters by Washington, D.C. counsel Kieran Dickinson; on data privacy and security matters by Bay Area counsel Robert Blamires, with associate Jimmy Smith; on FTC matters by Washington, D.C. counsel Marissa Boynton; and on environmental matters by Chicago counsel Sara Orr.

Involved fees earner: Megan Ampe – Latham & Watkins; Robert Blamires – Latham & Watkins; Marissa Boynton – Latham & Watkins; Kieran Dickinson – Latham & Watkins; Greer Gaddie – Latham & Watkins; Marc Jaffe – Latham & Watkins; Joseph Kronsnoble – Latham & Watkins; Patrick Maguire – Latham & Watkins; Christopher Ohlgart – Latham & Watkins; Sara Orr – Latham & Watkins; Stelios Saffos – Latham & Watkins; Sara Schlau – Latham & Watkins; Laurence Seymour – Latham & Watkins; Ian Schuman – Latham & Watkins; James Smith – Latham & Watkins; Scott Westhoff – Latham & Watkins; Ben Winnett – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Academy Securities; Bank of America Securities; Barclays Capital ; BMO Capital Markets; Citigroup Global Markets Ltd; Credit Suisse; Deutsche Bank Securities; Goldman Sachs & Co.; HSBC; J.P. Morgan Securities LLC; Jefferies; Loop Capital Markets; Raymond James & Associates, Inc.; RBC Capital Markets; Stephens Inc.; SunTrust Robinson Humphrey, Inc.; TD Securities; Wells Fargo Securities; William Blair & Company, L.L.C.;

Author: Ambrogio Visconti