Global law firm White & Case LLP has advised Ratos AB and Bonnier on the divestment of Bisnode AB to Dun & Bradstreet.
Ratos and Bonnier have signed an agreement to sell their entire holdings in Bisnode, excluding its business operations in Belgium, to Bisnode's partner Dun & Bradstreet for an approximate enterprise value of SEK 7.2 billion, corresponding to an EV/EBITA multiple of 13.8x and an approximate equity value of SEK 5.54 billion. The equity value comprises a 75 percent cash consideration and 25 percent of shares in Dun & Bradstreet Holdings, Inc.
Ratos is a Swedish private equity firm founded in 1866 and listed on the Stockholm Stock Exchange.
Headquartered in Sweden with operations in 12 countries, Bonnier Group is the holding company for a corporate group made up of the Nordic region's leading media companies. As well as media, the group includes Bonnier Fastigheter which owns, maintains and develops commercial real estate primarily in the Stockholm area.
Founded in 1989 and headquartered in Sweden with a presence in 19 countries, Bisnode offers support in the form of digital business, marketing and credit information.
Dun & Bradstreet is a leader in data and analysis, with a market leading position in the US and leading positions in several international markets including the United Kingdom.
The White & Case team which advised on the transaction was led by partners Henrik Wireklint (Stockholm) and Darragh Byrne (Frankfurt & Stockholm), and included partners Colin Diamond (New York), Tilman Kuhn (Düsseldorf & Brussels) and Johan Thiman (Stockholm), counsel Thomas Glauden (Brussels) and Tamer Nagy (Washington, DC), and associates Viktor Leisnert, Emelie Bimer, Elin Brännström, Daniel Högström, Christian Meijling (all Stockholm), Malgorzata Herda (Warsaw), Philippe Hendrickx, Zoé Hannecart (both Brussels) and Joza Al-Rasheed (Riyadh).
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