CNNE - Mergers and acquisitions

~ Sale Represents Another Step in Cannae’s Portfolio Transformation and Capital Redeployment Strategy ~ Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announces the sale of its ownership stake in The Watkins Company ("Watkins"), a leading flavoring company focused on extracts, spices and seasonings, to KDSA Investment Partners ("KDSA"). Cannae invested $80 million in Watkins in October 2024 and including transaction sale proceeds, preferred dividends and fees received during Cannae’s ownership, the transaction represents a multiple on invested capital of approximately 1.2x in less than two years, at an IRR of nearly 10%. Douglas K. Ammerman, Chairman of Cannae Hol

~ Acquisition of the PREM Rugby Club at an Attractive Entry Valuation Marks Cannae’s Latest Step in Transforming its Portfolio Toward Sports and Entertainment Assets ~ Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced that through its newly created subsidiary Black Knight Rugby, it has completed the acquisition of Exeter Rugby Group ("Exeter Chiefs", "Exeter" or the "Club"), a leading professional rugby union club based in Exeter, Devon, England and a member of Gallagher PREM Rugby ("PREM Rugby" or the "PREM"), which is the top division of the English rugby union system. The Club has a proven track record as one of the top-performing rugby union clubs in Euro

~ Cannae's Investment of Approximately $126 million for 50.1% Ownership of the Foley Led Partnership Provides Support for the Ongoing Development and Optimization of A.F.C. Bournemouth as well as Additional Capital to Acquire Other Football Assets ~ Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced that Black Knight Football and Entertainment, LP ("BKFE" or the "Partnership"), a partnership led by William P. Foley, II ("Foley"), completed the acquisition of A.F.C. Bournemouth ("Bournemouth" or the "Club"), an English Premier League club. Under the terms of the agreement, Cannae will be a limited partner with approximately 50.1% ownership of the Partnership. All