Cannae Holdings (CNNE) is an excellent investment opportunity. At its purest, Cannae represents a leveraged buyout of the Dun & Bradstreet Company. Management has been working together for over 20 years and successfully generated an 8x return on equity on their previous investment in Black Knight. They are well-aligned with shareholders and motivated to generate and realise value.
The business began as a diversified holding company in November 2017 through a split from Fidelity National Financial (FNF). Today, the company’s principal assets are a 22% stake in Ceridian HCM Holding (