The Dun & Bradstreet Corporation acquired Avention, Inc. from GTCR LLC and others for approximately $150 million.
January 09, 2017
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The Dun & Bradstreet Corporation (NYSE:DNB) acquired Avention, Inc. from GTCR LLC and others for approximately $150 million on January 9, 2017. Avention, Inc. was purchased for $154.2 million, net of cash assumed. Avention, Inc. assumed $4.2 million of cash. Avention, Inc. generated approximately $60 million in revenue in 2016. The acquisition is expected to be neutral to as adjusted operating income in 2017 and accretive beginning in 2018 as meaningful cost synergies begin to materialize. The Jordan, Edmiston Group, Inc. served as an in-house adviser for Dun & Bradstreet. Tolman Geffs and Amir Akhavan of JEGI Capital LLC acted as financial advisor to Dun & Bradstreet. Joseph Gilligan, Carin Carithers, Dan Davidson, Audrey Reed, Lee Berner, Michael DeLarco, Tim Tobin, Beth Peters and Scott Reisch of Hogan Lovells US LLP team along with Anshul Prakash and Parag Bhide of Khaitan & Co acted as legal advisor to Dun & Bradstreet. Stephen Ritchie, Daniel Guerin, Ryan Jackson, Jeff Gilson, Matthew McElwee, Garrett Lorentz, Russell Light, Polina Liberman, Daniel Sito, Seth Traxler, Daniel Lewis, Todd Herst, Daniel Bond, Alexandra Mihalas, Adria Crowe, Robert Miceli, Joseph Walker, Matthew Keiser, Tatum Ji, Dean Bachus, Shilpa Gokhale, Brian Land, Jocelyn Hirsch, Bradley Laken, Mario Mancuso, Diego Ortega, Jamieson Greer, Sarah Klein, Jonathan Newman and Andrej Wolf of Kirkland & Ellis LLP acted as legal advisors for Avention, Inc.
The Dun & Bradstreet Corporation (NYSE:DNB) completed the acquisition of Avention, Inc. from GTCR LLC and others on January 9, 2017.
Dun & Bradstreet Holdings, Inc. is a global provider of business decisioning data and analytics. The Company clients embed its end-to-end solutions into their daily workflows to inform commercial credit decisions, confirm suppliers and improve salesforce productivity and gain visibility into key markets. Its solutions support its clientsâ mission critical business operations by providing and curated data and analytics to help drive informed decisions and improved outcomes. The Company operates through two segments: North America and International. Its finance and risk solutions are used in the critical decisioning processes of finance, risk, compliance and procurement departments worldwide. Its sales and marketing solutions combine firmographic, personal contact, intent and non-traditional data to assist clients in optimizing their sales and marketing strategy by cleansing customer relationship management (CRM) data and narrowing their focus and efforts on the probability prospects.
DUN & BRADSTREET HOLDINGS, INC. 
