We are excited to announce entry into a definitive agreement for the take-private of Dun &
Bradstreet Holdings, Inc. C\Dun & Bradstreet”) (NYSE: DNB) in a transaction valued at $7.7
billion.
The team at Dun & Bradstreet have done an incredible job transforming the business into
the prominent player it stands as today within the data and analytics space. We are thrilled to
partner with the team in their next stage of growth. By taking the business private, we strive to
unlock its full potential in empowering their global client base with their proprietary, missioncritical
data solutions.
We are also pleased to announce our majority investment in ModMed and look forward to
closely collaborating with the founders and the rest of the team. We resonate with their mission
to revolutionize the patient-provider experience with technology and are delighted to join them
in their journey to drive growth and impact. We believe ModMed has done a tremendous job
developing a comprehensive suite of solutions that serve different medical specialties, and we
can’t wait to work together and help push the platform to new heights.
Dun & Bradstreet and ModMed are both platforms the Clearlake team has tracked over a
number of years and represent the latest in our strategy to invest in leading franchises in the
technology sector. We look forward to partnering with management to sponsor both companies
and deploy our O.P.S. playbook in the coming years.
Earlier this year, we closed the sale of Appriss Retail to Gemspring Capital. Clearlake originally
invested in Appriss, Inc. in 2019 and later spun out Appriss Retail as an independent business in
2023. Over the years, we have worked alongside management to successfully execute valueenhancing
initiatives, resulting in the creation of a robust intelligence platform for omnichannel
retailers against fraud and abuse. We are very proud of the accomplishments Appriss Retail has
achieved and anticipate the company’s continued success in their next phase of growth.
We believe the year is off to a strong start, and we continue to actively seek opportunities in the
market. From sourcing new investments, to leveraging our O.P.S. framework across our
portfolio, and to exiting our investments, we actively seek the best opportunities where we can
be a value-add and deliver meaningful outcomes.
