Chinh Chu of CC Capital Speaks On Dun & Bradstreet Acquisition
Categories: Financial
Chinh Chu of CC Capital Speaks On Dun & Bradstreet Acquisition

Chinh Chu of CC Capital Speaks On Dun & Bradstreet Acquisition

A powerhouse of private investors recently acquired  Dun & Bradstreet for $6.9 billion. This landmark deal was led by CC Capital (founded by Chinh Chu), Cannae Holdings and funds affiliated with Thomas H. Lee Partners. Subject to Dun & Bradstreet shareholder approval, this deal should officially close within the next 6 months.


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.


The financial world looks forward to seeing how the events of this hallmark deal pan out.

Thank you to the "Private Investor Watch" for contributing this Article on Chinh Chu of CC Capital and the Dun & Bradstreet Acquisition to the Queens Ledger.
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Chinh Chu of CC Capital Speaks On Dun & Bradstreet Acquisition — Financial — New York

posted by danielrosenfeld