Morgan Stanley (MS) is leading the financing of Clearlake Capital Group's multi-billion dollar deal to take Dun & Bradstreet (DNB) private, Bloomberg reported Monday citing people familiar with the matter.
Dun & Bradstreet agreed to be acquired by Clearlake Capital Group in a deal with a $7.7 billion transaction value that includes debt, according to a statement Monday. The private equity firm said it will utilize a mix of equity and debt financing for the acquisition.
Clearlake is looking to finance the purchase with more than $6 billion in debt financing, with Morgan Stanley leading the pack, according to Bloomberg.
The report cautioned that the structure of the debt is still being discussed and the total amount could change.
Morgan Stanley and Clearlake Capital Group did not immediately respond to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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