Morgan Stanley Leads $6 Billion-Plus Dun & Bradstreet Debt Deal

The operation of the indebtedness is inactive being discussed, and the full magnitude is not yet final, said the people, who asked not to beryllium identified due to the fact that the talks are private.

A typical for Clearlake declined to comment. Representatives for Morgan Stanley and Dun & Bradstreet did not instantly supply comment.

Morgan Stanley, on with Goldman Sachs Group Inc., JPMorgan Chase & Co., Rothschild & Co., Barclays Plc, Citigroup Inc., Deutsche Bank AG, Santander, and Wells Fargo & Co. acted arsenic fiscal advisers to Clearlake, according to a quality release. Ares Management Corp. and HSBC Holdings Plc besides participated successful the committed financing.

The financing joins a increasing fig of buyout indebtedness packages — including a multi-billion woody backing Clayton Dubilier & Rice’s acquisition of a involvement successful Sanofi SA’s user wellness part — that are acceptable to travel to marketplace aft a prolonged slowdown successful M&A.

Private equity steadfast Clearlake agreed to get Dun & Bradstreet, a Jacksonville, Florida-based information and analytics provider, for $4.1 billion. Dun & Bradstreet had a marketplace worth of astir $3.9 cardinal astatine adjacent of trading connected Friday. Clearlake’s connection values the institution astatine astir $7.7 cardinal including debt.

It marks the 2nd clip that Dun & Bradstreet has been taken backstage successful 7 years. The institution volition participate a 30-day go-shop play during which it volition beryllium unfastened to rival offers. It had drawn involvement from different backstage equity firms including Veritas Capital Fund Management, Bloomberg News antecedently reported.

Dun & Bradstreet is 1 of Wall Street’s oldest information providers, tracing its roots to the 1840s arsenic a web of correspondents for evaluating the credit-worthiness of businesses, according to its website. Bloomberg LP, the genitor of Bloomberg News, competes with Dun & Bradstreet successful providing fiscal information.

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