Cannae Holdings, Inc. Announces $84 Million Investment in Computer Services, Inc.
Cannae Holdings, Inc. (CNNE)
Last cannae holdings, inc. earnings: 11/12 06:25 am
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Source: Business Wire
- Reinforces Cannae’s Focus to Build its Private Market Portfolio Investments - LAS VEGAS--(BUSINESS WIRE)--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.A
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- 2/21/24 - Miss
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- 4/15/24 - Form PRE
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