Now Reading:
Cannae Holdings, Inc. Announces Foley Trasimene Acquisition Corp. Filing of S-1
Full Article 5 minutes read

Cannae Holdings, Inc. Announces Foley Trasimene Acquisition Corp. Filing of S-1

LAS VEGAS–(BUSINESS WIRE)–Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae”) today announced that Foley Trasimene Acquisition Corp. (“FTAC”) has filed a registration statement on Form S-1 (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of 75,000,000 units at a price of $10.00 per unit, consisting of one share of FTAC’s Class A common stock, and one-third of one redeemable warrant. Each whole warrant entitles the holder to one share of FTAC Class A common stock at a price of $11.50 per share. FTAC has applied to list its units on the New York Stock Exchange under the symbol “WPF.U.”

Cannae and THL FTAC LLC (“THL FTAC”), an affiliate of Thomas H. Lee Partners, L.P. (“THL”), have each entered into a forward purchase agreement with FTAC in which Cannae and THL FTAC will each purchase shares of FTAC’s Class A common stock in an aggregate share amount equal to 15,000,000 shares of Class A common stock (or a total of 30,000,000 shares of Class A common stock), plus an aggregate of 5,000,000 redeemable warrants (or a total of 10,000,000 redeemable warrants) to purchase one share of Class A common stock at $11.50 per share, for an aggregate purchase price of $150.0 million (or a total of $300.0 million), or $10.00 per Class A common stock, in a private placement to occur concurrently with the closing of the initial business combination.

Sponsors of FTAC are Bilcar FT, LP, an affiliate of Bilcar Limited Partnership, and Trasimene Capital FT, LP, an affiliate of Trasimene Capital Management, LLC, both led by William P. Foley, II. Credit Suisse Securities (USA) LLC and BofA Securities, Inc. are acting as joint book-running managers for the offering.

The proposed offering will be made only by means of a prospectus, which forms a part of the Registration Statement. Copies of the preliminary prospectus relating to the proposed offering may be obtained, when available, for free by visiting EDGAR on the SEC’s website at Alternatively, copies of the preliminary prospectus, when available, may be obtained for free from the offices of Credit Suisse, Attention: Prospectus Department, Eleven Madison Avenue, 3rd Floor, New York, NY 10010, telephone: (800)-221-1037 or by emailing:; or BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001 or by emailing: The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.

The Registration Statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Cannae Holdings, Inc.

Cannae (NYSE:CNNE) is a diversified holding company which boasts a strong track record of both operating and investing in a diverse range of assets. Cannae holds majority and minority equity investment stakes in a number of entities, including Ceridian HCM Holding Inc., The Dun & Bradstreet Corporation, 99 Restaurants Holdings, LLC, O’Charley’s, LLC, AmeriLife Group, LLC, and Coding Solutions Topco, Inc. (inclusive of T-System Holding, LLC). More information about Cannae can be found at

Forward-Looking Statements and Risk Factors

This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements regarding our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions, including changes in the financial markets; our potential inability to find suitable acquisition candidates, acquisitions in lines of business that will not necessarily be limited to our traditional areas of focus, or difficulties in integrating acquisitions; significant competition that our operating subsidiaries face; compliance with extensive government regulation of our operating subsidiaries; risks associated with our split-off from Fidelity National Financial, Inc., including limitations on our strategic and operating flexibility related to the tax-free nature of the split-off and the Investment Company Act of 1940 and Investment Advisers Act, as well as the risk and uncertainties related to the success of our externalization.

This press release should be read in conjunction with the risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-Q, 10-K and other filings with the Securities and Exchange Commission.


Jamie Lillis, Managing Director, Solebury Trout, 203-428-3223,

Leave a Reply

Input your search keywords and press Enter.