MARCH 27 TO APRIL 2, 2025 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
A $7.7 BILLION DEAL TO BUY DUN & BRADSTREET
INSIDE
TECHNOLOGY
Star Catcher demonstrates ability to beam power PAGE 6
SUPERMARKETS
THE BUYER
Winn-Dixie parent offers details on what’s next PAGE 8
Clearlake Capital Group File photo
The Dun & Bradstreet headquarters offices in Town Center Two at 5335 Gate Parkway across Butler Boulevard from St. Johns Town Center.
The buyout from Clearlake Capital Group is likely to disappoint investors as the price is 58% below the 2020 IPO price.
BY MARK BASCH CONTRIBUTING WRITER
A
fter almost eight months of speculation, Jacksonville-based Dun & Bradstreet Holdings Inc. agreed March 24 to a $7.7 billion buyout by private equity firm Clearlake Capital Group. But after months of waiting, stockholders are getting less than they could have received if they sold their shares before news of a potential deal surfaced
SUBSCRIBE NOW!
Only 50/yr. $
Regularly $75
VISIT JAXDAILYRECORD.COM/SUBSCRIBE Coupon Code: jdr-25-off
Questions: subscriptions@jaxdailyrecord.com
at the beginning of August. Clearlake agreed to pay $9.15 in cash for each share of Dun & Bradstreet, a slight gain from its $8.73 closing price on the last trading day before the acquisition announcement. However, the stock had closed at $10.29 on Aug. 1, the day before news of a possible deal was revealed in a story by Reuters. Even worse for longtime shareholders, the buyout price
Headquarters: Santa Monica, California Type: Private investment firm Founded: 2006 Assets: More than $90 billion Targets: Clearlake says its core private equity targets are in the technology, industrials and consumer sectors. Leadership: Jose E. Feliciano and Behdad Eghbali are the cofounders and managing partners.
SEE DEAL, PAGE 8
GOVERNMENT
Laura Street Trio deal falters City says it is resuming lawsuit for municipal code violations after no movement on deal by Live Oak Contracting to acquire the historic Downtown property. PAGE 10
THE BASCH REPORT
RETAIL
Activist investor group not happy with Cannae Holdings
Another round of Total Wine
Cannae’s investment portfolio includes stakes in Jacksonville-based Dun & Bradstreet Holdings Inc. and Londonbased Paysafe Ltd., which has its North American HQ in Jacksonville. PAGE 12
A second Jacksonville location for the spirits retailer is planned in a former OfficeMax space. PAGE 3
VOLUME 112, NO. 20 | TWO SECTIONS | PUBLISHED SINCE 1912