Chinh Chu of CC Capital Speaks On Dun & Bradstreet Acquisition
Chinh Chu, the senior managing director of the New York based CC capital, was quoted as saying “Dun & Bradstreet is a high-quality business with a 177-year history of serving its global customer base. We look forward to working with our partners and Dun & Bradstreet’s talented team to unlock the immense potential within this venerable company." As the former senior managing director and co-chair of Blackstone’s private equity group, Chu brought a lot of experience to this deal.
The financing will be handled by a mix of equity provided by the private Investors, combined with debt financing by BofA Merrill Lynch, Citigroup Inc., and RBC Capital Markets.
The acquisition deal for 6.9 billion represents a premium of around 30% over Dun & Bradstreet's closing share price of $111.63 on February 12, 2018, the day the official strategic review of the deal took place.