- Reinforces Cannae's Focus to Build its Private Market Portfolio Investments -
Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced that it has committed to an $84 million equity investment in Computer Services, Inc. (CSI) (OTCQX:CSVI), a leading provider of end-to-end fintech and regtech solutions, in conjunction with additional investments agreed to by a consortium of private equity investors.
On August 22, 2022, CSI announced that it has entered into a definitive agreement to be acquired by Centerbridge Partners, L.P., a global, multi-strategy private investment firm with deep experience investing in financial services and technology, and Bridgeport Partners, a private investment firm with a long-term, value-oriented approach, in an all-cash transaction valued at approximately $1.6 billion, or $58.00 per share. The transaction follows a robust strategic review process and was unanimously approved by CSI's board of directors.
About Cannae Holdings, Inc.
About CSI
Forward-Looking Statements and Risk Factors
This document should be read in conjunction with the risks detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Company's Form 10-Q,10-K and other filings with the Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220822005186/en/
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