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News Breaks
December 12, 2012
13:54 EDTDNBFitch sees event risk of LBO of Dun & Bradstreet as near-term credit overhang
Fitch Ratings stated: "Dun & Bradstreet (DNB) has not made any announcements regarding any strategic changes to the company's capital structure or ownership. However, news organizations have recently reported that D&B is no longer pursuing a sale of the company [after] media reports issued in July/August indicated the company was exploring a sale. Fitch believes the event risk of a leveraged buyout of D&B, solicited or unsolicited, will be an overhang on the credit for the near term." Fitch said it believes that a Private Equity sponsor would have to contribute at least $1B in equity to complete an LBO transaction. While this would constitute a substantial investment, PE firms have sufficient capital to make such a sizable contribution, Fitch said. Fitch believes initial unadjusted gross leverage would be high at 7x. New debt of $4B would be sizable and credit markets continue to be volatile, which would likely be one of the largest challenges in completing an LBO, Fitch said.
News For DNB From The Last 14 Days
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September 29, 2014
11:21 EDTDNBOracle announces Data as a Service for Sales
Oracle (ORCL), at its Oracle Openworld event, announced Oracle Data as a Service for Sales, a new component of the Oracle Data Cloud. In partnership with Dun & Bradstreet (DNB), Oracle DaaS enables organizations to use trusted B2B company data, including reference, social and competitive profile information, to create new business opportunities, the company stated. Oracle also introduced Oracle Business Intelligence Cloud Service, a part of Oracle Analytics Cloud, which helps speed and improve decision-making by lowering the barrier to entry for users providing secure, comprehensive information access with the cloud. Additionally, at JavaOne 2014, Oracle highlighted key updates to the Java EE platform, including upcoming features in Java EE 8, and introduced Oracle Java ME Embedded 8.1, which expands the availability of Oracle Java ME Embedded to new platforms and opens new opportunities in the embedded and IoT market. Oracle also introduced the latest version of GlassFish Server Open Source Edition 4.1.
September 22, 2014
06:02 EDTDNBDun & Bradstreet upgraded to Outperform from Neutral at RW Baird
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