Pension Fund

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Dun & Bradstreet Corporation (D&B)

Dun & Bradstreet Corporation — the B2B data analytics firm chaired by Bill Foley, acquired by Clearlake Capital in a $7.7 billion take-private in 2025.

Dun & Bradstreet Corporation (D&B)

Dun & Bradstreet traces its roots to 1841 as the first commercial credit reporting agency, but its modern ownership structure dates to 2019, when William P. Foley II led a consortium — including Cannae Holdings and Thomas H. Lee Partners — to take the company private for $6.9 billion. Foley chairs both D&B and Cannae Holdings; Anthony Jabbour serves as CEO, having previously led Black Knight, another Foley-affiliated firm. The company sells subscription data products — DUNSRight data quality process, corporate credit scores, supply-chain risk analytics — across three segments: Finance & Risk, Sales & Marketing, and Procurement. Its client base spans financial services, manufacturing, technology, and government. The firm operates in North America, Europe, and Asia-Pacific, with direct offices in Jacksonville, Short Hills, and London. A notable product is the DUNS Number, a universal business identifier used by the US government and major platforms. In March 2025, Clearlake Capital Group agreed to acquire Dun & Bradstreet for $7.7 billion (per Clearlake Capital, March 2025), representing a 15% premium over the prior close. The deal is expected to close in mid-2025, taking the company private once again under new majority ownership. The Dun & Bradstreet Corporation Foundation, a philanthropic vehicle, supports education and community development programs. D&B's structural differentiator is its data moat: the company maintains credit files on over 400 million businesses globally — a dataset no competitor replicates at scale. Its DUNS Number system has become a de facto standard for business identity verification, particularly in government and supply-chain compliance. The Clearlake acquisition underscores D&B's status as an infrastructure asset with recurring, tariff-like revenue.

General information

Firm type

Pension Fund

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Jacksonville

Corporate office

Jacksonville, FL, United States

Additional offices

Short Hills, NJ · London, UK

Principals

Anthony Jabbour

Chief Executive Officer

William P. Foley II

Executive Chairman

Sector focus

Enterprise SoftwareData & AnalyticsFinTech

Frequently asked questions

Who controls Dun & Bradstreet as of 2025?

William P. Foley II chairs the board, with Anthony Jabbour as CEO. In March 2025, Clearlake Capital Group agreed to acquire the company for $7.7 billion. Upon closing, Clearlake will own a controlling interest, with Foley and Cannae Holdings expected to maintain meaningful stakes (per Clearlake Capital, March 2025).

How does Dun & Bradstreet generate revenue?

D&B sells subscription-based data products primarily to B2B companies. Its Finance & Risk segment provides credit scores and risk analytics; Sales & Marketing offers lead generation and data enrichment; Procurement includes supplier risk and compliance tools. The DUNS Number, a unique nine-digit business identifier, underpins many products and is required by the US federal government for many procurement processes.

Is Dun & Bradstreet a family office or an operating company?

D&B is a publicly traded corporation that went private in 2019 and will be taken private again. It operates as a data and analytics company, not as an investment vehicle. However, its ownership — including Cannae Holdings and Thomas H. Lee Partners — has a family-office-like structure: Foley's act of using his personal holding company to control D&B alongside Cannae resembles a family office approach to concentrated operating assets.

What is the Dun & Bradstreet Corporation Foundation?

The foundation is D&B's corporate philanthropic arm, funded by the business. It supports education, community development, and employee giving programs. It is separate from the for-profit operations and is governed independently, though staffed by D&B employees.

What deal flow role does D&B play beyond its own business?

D&B does not function as an allocator to external funds. It is an operating company. However, its data licensing business and its ownership structure have attracted private equity interest — Clearlake Capital's 2025 acquisition values the company at 16x EBITDA, reflecting its data moat and recurring revenue characteristics.

How does D&B's DUNS Number create a competitive moat?

The DUNS Number is assigned to over 400 million businesses globally and is embedded in procurement workflows across 200+ countries. The US General Services Administration, Apple, and many Fortune 500 firms require it for vendor registration. No competitor has replicated this network effect, giving D&B a quasi-monopoly on commercial identity verification.

What regions does Dun & Bradstreet serve?

D&B operates directly in North America, Europe, and Asia-Pacific. It has headquarters in Jacksonville, Florida; a major office in Short Hills, New Jersey; and a London hub serving EMEA. Its data covers businesses in 200+ countries through local collection partnerships.

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