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LAS VEGAS–(BUSINESS WIRE)–Cannae Holdings, Inc. (NYSE:CNNE) (“Cannae” or the “Firm”) right this moment introduced that it has dedicated to an $84 million fairness funding in Pc Providers, Inc. (CSI) (OTCQX: CSVI), a number one supplier of end-to-end fintech and regtech options, together with further investments agreed to by a consortium of personal fairness buyers.
On August 22, 2022, CSI introduced that it has entered right into a definitive settlement to be acquired by Centerbridge Companions, L.P., a worldwide, multi-strategy non-public funding agency with deep expertise investing in monetary companies and expertise, and Bridgeport Companions, a personal funding agency with a long-term, value-oriented strategy, in an all-cash transaction valued at roughly $1.6 billion, or $58.00 per share. The transaction follows a strong strategic evaluation course of and was unanimously accepted by CSI’s board of administrators.
About Cannae Holdings, Inc.
We primarily purchase pursuits in working firms and are engaged in actively managing and working a core group of these firms. We’re a long-term proprietor that secures management and governance rights of different firms primarily to have interaction of their traces of enterprise and we’ve no preset time constraints dictating once we promote or get rid of our companies. We imagine that our long-term possession and lively involvement within the administration and operations of firms helps maximize the worth of these companies for our shareholders. Cannae’s present principal holdings embody Dun & Bradstreet Holdings, Inc. (NYSE: DNB), during which Cannae holds 79 Million shares or 18% curiosity. Cannae’s second principal holding is Ceridian (NYSE: CDAY), during which Cannae owns 6 Million shares representing a four% curiosity. Cannae holds 60 Million shares, or eight% of Paysafe (NYSE: PSFE), in addition to eight.1 Million Paysafe warrants and LLC items. Cannae additionally holds 52.5 Million shares, or 10%, of Alight, Inc. (NYSE: ALIT), and 27 Million shares, or 24%, of System1, Inc. (NYSE: SST). Cannae’s different principal holdings embody Sightline Funds, of which Cannae owns 33%.
About CSI
Pc Providers, Inc. (CSI) delivers core processing, digital banking, managed cybersecurity, cybersecurity compliance, funds processing, print and digital doc distribution, and regulatory compliance options to monetary establishments and company clients, each international and home. Administration believes distinctive service, dynamic options and superior outcomes are the inspiration of CSI’s fame and have resulted within the firm’s inclusion in such high industry-wide rankings as IDC Monetary Insights FinTech 100, Talkin’ Cloud 100 and MSPmentor Prime 501 World Managed Service Suppliers lists. CSI has additionally been acknowledged by Aite-Novarica Group, a number one analysis agency, as offering the “greatest consumer expertise” in its AIM Analysis: The Main Suppliers of U.S. Core Banking Techniques. For extra info, go to csiweb.com.
Ahead-Trying Statements and Danger Components
This doc comprises forward-looking statements that contain various dangers and uncertainties. Statements that aren’t historic details, together with statements relating to our expectations, hopes, intentions, or methods relating to the longer term are forward-looking statements. Ahead-looking statements are based mostly on administration’s beliefs, in addition to assumptions made by, and knowledge at the moment obtainable to, administration. As a result of such statements are based mostly on expectations as to future monetary and working outcomes and will not be statements of reality, precise outcomes might differ materially from these projected. We undertake no obligation to replace any forward-looking statements, whether or not because of new info, future occasions or in any other case. The dangers and uncertainties which forward-looking statements are topic to incorporate, however will not be restricted to: modifications on the whole financial, enterprise and political situations, modifications within the monetary markets, and modifications within the situations ensuing from the outbreak of a pandemic, such because the novel COVID-19 (“COVID-19”); the general affect of the outbreak of COVID-19 and measures to curb its unfold, together with the impact of governmental or voluntary mitigation measures equivalent to enterprise shutdowns, social distancing, and stay-at-home orders; our potential incapability to seek out appropriate acquisition candidates, acquisitions in traces of enterprise that won’t essentially be restricted to our conventional areas of focus, or difficulties in integrating acquisitions; vital competitors that our working subsidiaries face; compliance with intensive authorities regulation of our working subsidiaries; dangers related to our split-off from Constancy Nationwide Monetary, Inc., together with limitations on our strategic and working flexibility associated to the tax-free nature of the split-off and the Funding Firm Act of 1940; dangers and uncertainties associated to the success of our externalization.
This doc ought to be learn together with the dangers detailed within the “Assertion Concerning Ahead-Trying Data,” “Danger Components” and different sections of the Firm’s Kind 10-Q,10-Okay and different filings with the Securities and Alternate Fee.
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