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Cannae(CNNE) - 2021 Q2 - Quarterly Report
2021-08-05 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-38300 CANNAE HOLDINGS, INC. | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------- ...
Cannae(CNNE) - 2021 Q1 - Earnings Call Transcript
2021-05-11 02:00
Cannae Holdings, Inc. (NYSE:CNNE) Q1 2021 Earnings Conference Call May 10, 2021 5:00 PM ET Company Participants Richard Massey - Chief Executive Officer David Ducommun - President Bryan Coy - Chief Financial Officer Conference Call Participants Ian Zaffino - Oppenheimer & Co. Inc. Operator Good afternoon, ladies and gentlemen, and welcome to the Cannae Holdings, Incorporated First Quarter 2021 Earnings Conference Call. I will momentarily open up the conference lines for questions, until then all parties rem ...
Cannae(CNNE) - 2021 Q1 - Quarterly Report
2021-05-09 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-38300 CANNAE HOLDINGS, INC. _________________________________________________________________________________________________________________________________ ...
Cannae(CNNE) - 2020 Q4 - Annual Report
2021-02-25 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 1-38300 _________________________________ CANNAE HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 82-1273460 Title of Each Class Trading Symbol ...
Cannae(CNNE) - 2020 Q4 - Earnings Call Transcript
2021-02-23 01:26
Financial Data and Key Metrics Changes - Cannae Holdings reported continued growth in its portfolio companies, with new investment efforts becoming visible in Q4 2020 and early Q1 2021 [8] - The company announced definitive mergers involving Foley Trasimene Acquisition Corp. II with Paysafe Group Holdings Limited and Foley Trasimene Acquisition Corp. I with Alight Solutions, targeting multi-trillion dollar industries [9] Business Line Data and Key Metrics Changes - Optimal Blue, a key investment, is experiencing a 20% revenue growth and significant EBITDA expansion, outperforming initial projections [30] - The integration of Optimal Blue into Black Knight's offerings is enhancing market penetration, particularly in the small and medium-sized mortgage operator segment [31][35] Market Data and Key Metrics Changes - The SPAC market is expected to maintain its investment pace, with Cannae planning to invest $50 million and $125 million in Austerlitz Acquisition Corp. I and II respectively [10] - The company is focusing on high-quality companies with defensible and profitable business models, aiming for superior long-term returns [10] Company Strategy and Development Direction - Cannae is prioritizing investments in companies with strong management teams and defensible market positions, moving away from management overhauls [26][27] - The company is looking to reduce the size of future PIPE investments to avoid complications experienced in previous large transactions [22][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of Dun & Bradstreet, particularly following the Bisnode acquisition, which is expected to drive organic revenue growth [17] - Alight Solutions is undergoing a transformation from a service provider to a process provider, with management focused on shortening customer implementation times to recognize deferred revenue more quickly [44] Other Important Information - Cannae is actively exploring monetization events for several investments, including Colt and other minor investments, expected in the next six months [19] - The company has a structured cash flow plan and is open to share repurchases, balancing this with ongoing investment opportunities [15][19] Q&A Session Summary Question: Thoughts on NAV discounts and stock buyback - Management acknowledged the widening NAV discounts and indicated openness to share repurchases while ensuring capital for investments [12][13] Question: Appetite for PIPE participation in SPACs - Management confirmed participation in PIPEs for recent SPACs but indicated a preference for smaller PIPE sizes in future transactions [20][22] Question: Optimal Blue's pricing strategy and customer retention - Optimal Blue is successfully increasing pricing without losing customers, leveraging its technology and integrations to enhance value [29][30] Question: Future SPAC activity and investment strategy - Management clarified that while they are not currently seeking new SPAC opportunities, they remain focused on private investments and existing public equities [38][41] Question: Alight's market performance and transformation - Alight is recognized as a strong company with a significant client base, and management is working on improving implementation times to enhance revenue recognition [43][44]
Cannae(CNNE) - 2020 Q3 - Quarterly Report
2020-11-09 17:45
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-38300 CANNAE HOLDINGS, INC. _____________________________________________________________________________________________________________________________ ...
Cannae Holdings (CNNE) Investor Presentation - Slideshow
2020-08-21 13:13
Investor Presentation Summer 2020 Safe Harbor 2 This presentation 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 e ...
Cannae(CNNE) - 2020 Q2 - Quarterly Report
2020-08-07 21:46
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-38300 CANNAE HOLDINGS, INC. __________________________________________________________________________________________________________________________________ ...
Cannae(CNNE) - 2020 Q2 - Earnings Call Transcript
2020-08-07 20:41
Cannae Holdings, Inc. (NYSE:CNNE) Q2 2020 Earnings Conference Call August 7, 2020 11:00 AM ET Company Participants Shannon Devine - Investor Relations Bill Foley - Chairman David Ducommun - Executive Vice President, Corporate Finance Bryan Coy - Chief Financial Officer Conference Call Participants John Campbell - Stephens David Eller - Wells Fargo Carter Trent - Stephens Operator Good morning and welcome, ladies and gentlemen to the Cannae Holding’s Second Quarter 2020 Earnings Conference Call. During today ...
Cannae(CNNE) - 2020 Q1 - Earnings Call Transcript
2020-05-10 21:26
Cannae Holdings, Inc. (NYSE:CNNE) Q1 2020 Results Earnings Conference Call May 7, 2020 12:00 PM ET Company Participants Jamie Lillis - Managing Director, Solebury Trout William Foley - Chairman Richard Cox - Executive Vice President and Chief Financial Officer Conference Call Participants John Campbell - Stephens David Eller - Wells Fargo Operator Good morning, ladies and gentlemen, and welcome to the Cannae Holdings First Quarter 2020 Earnings Conference Call. [Operator Instructions] I would now like to t ...