Shearman & Sterling is advising Dun & Bradstreet on the acquisition of Dun & Bradstreet Credibility Corporation and the formation of a new division, Dun & Bradstreet Emerging Businesses, a combination of Dun & Bradstreet Credibility Corporation’s leading technology and data solutions with Dun & Bradstreet’s small and mid-sized business assets.
The purchase price in the transaction is $320 million in cash, subject to customary adjustments, plus an earn-out of up to $30 million if certain performance milestones are met through 2018. The transaction has been approved by both boards of directors and is expected to close during May of 2015, pending regulatory approval and satisfaction of other customary closing conditions.
Dun & Bradstreet Credibility Corporation is the leading provider of business credit building and credibility solutions for businesses. The company helps businesses establish their credit with a D&B D-U-N-S® Number and provides the only business credit solution available to businesses looking to build, monitor, and impact their business credit and credibility. The company’s headquarters are in Los Angeles, CA with offices throughout the United States.
Dun & Bradstreet, founded in 1841, connects customers with prospects, suppliers, clients and partners. Nearly ninety percent of the Fortune 500, and companies of every size around the world, rely on Dun & Bradstreet’s data, insights and analytics.
The Shearman & Sterling team included partner Creighton Condon, counsel Daniel Litowitz, and associates Edward Mullen and Alan Sun (all New York-Mergers & Acquisitions), as well as partners Richard Schwed (New York-Litigation), John Cannon (New York-Compensation, Governance & ERISA), Richard Hsu (Menlo Park-Intellectual Property Transactions), Wayne Dale Collins (New York-Antitrust), Robert Treuhold (New York-Capital Markets), Jeanne Olivier (New York-Project Development & Finance), and Ethan Harris (Washington, DC-Tax); counsel Nathan Tasso (Washington, DC-Tax) and Harald Halbhuber (New York-Capital Markets); and associates Jennifer Stadler (New York-Compensation, Governance & ERISA), Kelly Karapetyan (New York-Antitrust), Kammy Lai (Washington, DC-Tax), Joshua Steinberger (New York-Intellectual Property Transactions), Sarah Hwang (New York-Litigation), Mikael Abye (San Francisco-Litigation), Diana Berisha (New York-Capital Markets) and Kelly Hamren-Anderson (New York-Compensation, Governance & ERISA).