Public Company Financial Services

Cannae Holdings

Las Vegas, Nevada, United States

Cannae Holdings, Inc. is a long-term acquirer/operator that invests in and manages a diversified portfolio of operating companies.

Focus Areas
Investing / holding company, Portfolio management, Multi-business operator

Tracked deals

7

7 tracked deals across 2020-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

4 buyout · 1 divestiture · 1 growth capital

Cannae Holdings Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Cannae Holdings. 3 2020 2 2024 1 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Cannae Holdings, Inc., Black Knight Rugby
    Target
    Exeter Rugby Group (Exeter Chiefs)
    Location
    Devon, United Kingdom
    Type
    Buyout

    Cannae Holdings, through its newly created subsidiary Black Knight Rugby, completed the acquisition of Exeter Rugby Group (Exeter Chiefs), a professional rugby union club based in Exeter, Devon, England. The transaction values Exeter at an enterprise value of £32.6 million (approximately $43 million), with Cannae investing £19.6 million at closing.

  • Buyer
    Black Knight Football Club (BKFC), Cannae Holdings, Inc.
    Target
    Moreirense Futebol Clube
    Location
    Braga, Portugal
    Type
    Buyout

    Black Knight Football Club (BKFC), a multi-club ownership vehicle affiliated with Cannae Holdings, has acquired a majority ownership interest in Moreirense Futebol Clube, a Primeira Liga club based in Moreira de Cónegos, Portugal. The investment advances BKFC's multi-club strategy by expanding into Portugal to accelerate player development, create operational synergies across its club network, and strengthen on-field and commercial performance.

  • Buyer
    Cannae Holdings, Inc., KDSA Investment Partners
    Target
    The Watkins Company
    Seller
    Mark Jacobs
    Industry
    Food & Beverage
    Type
    Buyout

    Cannae Holdings, Inc. will acquire a majority stake in The Watkins Company in partnership with KDSA Investment Partners. The transaction is expected to close in October 2024, and current majority owner/chairman Mark Jacobs will roll a significant equity stake into the deal.

  • Buyer
    Cannae Holdings, Inc.
    Target
    JANA Partners
    Seller
    Barry Rosenstein, Scott Ostfeld

    Cannae Holdings entered a strategic partnership with activist investment firm JANA Partners by acquiring a minority equity stake from JANA's principals in exchange for 1.85 million shares of Cannae common stock and $18.3 million in cash. Cannae also committed to invest at least $50 million into JANA funds and will partner with JANA to source control acquisitions and expand its industry operator network; the transaction includes voting arrangements and customary lock-ups.

  • Buyer
    Foley Trasimene Acquisition Corp. II, Cannae Holdings, Inc., Fidelity National Title Insurance Co., Chicago Title Insurance Co., Commonwealth Land Title Insurance Co., Fidelity & Guaranty Life Insurance Co., Third Point LLC, Suvretta Capital Management, Hedosophia, Federated Hermes Kaufmann Funds, Blackstone, CVC Capital Partners
    Target
    Paysafe Group Holdings Limited
    Location
    England, United Kingdom
    Type
    Buyout

    Foley Trasimene Acquisition Corp. II has entered into a definitive merger agreement to combine with Paysafe Group Holdings Limited, creating a publicly listed Paysafe (PSFE) with an implied pro-forma enterprise value of approximately $9 billion. The transaction includes a $2.0 billion private placement (PIPE) from multiple institutional and private investors and is intended to de-lever the company and accelerate Paysafe's growth and M&A strategy.

  • Buyer
    An affiliate of The Carlyle Group, Cannae Holdings
    Target
    Trust Healthcare Consulting Services, LLC
    Seller
    WindRose Health Investors, LLC

    An affiliate of The Carlyle Group and Cannae Holdings (via a healthcare joint venture) acquired substantially all assets of Trust Healthcare Consulting Services, LLC from WindRose Health Investors. TrustHCS, a Springfield, Missouri–based provider of coding, CDI, denial management and staffing services with a team of 500+ professionals, will operate under the new joint-venture ownership; terms were not disclosed.

  • Buyer
    Thomas H. Lee Partners, Cannae Holdings, Certain THL limited partners
    Target
    AmeriLife Group, LLC
    Seller
    J.C. Flowers & Co., Other investors

    AmeriLife Group, a national distributor of life, health and retirement solutions, agreed to a recapitalization led by Thomas H. Lee Partners with participation from Cannae Holdings and certain THL limited partners. THL is acquiring a majority stake from J.C. Flowers & Co. and other investors to provide financial flexibility and support AmeriLife's continued growth and strategic expansion.

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