Dun & Bradstreet to Focus on Core Commercial Strategy
Dun & Bradstreet will acquire the entirety of Dun & Bradstreet’s ANZ business, including consumer risk and debt collection, and commercial solutions, for AUD $220 million. As part of the agreement, pending regulatory approval, Credit Data Solutions will become a partner within Dun & Bradstreet’s Worldwide Network to continue to provide commercial solutions in the region.
This decision supports Dun & Bradstreet’s long-term growth strategy. Today, approximately two-thirds of the ANZ business is consumer-related, which is inconsistent with Dun & Bradstreet’s established business-to-business focus.
“We’re excited to welcome Archer Capital’s Credit Data Solutions as the newest member of our Worldwide Network. Our partnership allows us to maintain a strong commercial foothold in the market, and we’re delighted to have a partner that will help us expand our presence there,” said Bob Carrigan, chief executive officer & president, Dun & Bradstreet. “As Dun & Bradstreet continues to drive toward long-term sustainable growth by focusing on commercial solutions, it no longer made strategic sense to support a consumer business that does not align with that goal.”
Archer Capital’s Frank Heckes said: “We believe there are many opportunities to invest in and grow each of these businesses. We are looking forward to working closely with the Dun & Bradstreet ANZ management team and to being a valuable member of Dun & Bradstreet’s Worldwide Network.”
After the transaction closes, Credit Data Solutions will become a partner within Dun & Bradstreet’s expansive Worldwide Network, joining nearly 25 other partners on four continents to ensure commercial customers maintain seamless access to Dun & Bradstreet’s worldwide business information. The partnership will preserve Dun & Bradstreet’s established business-to-business presence in the market for commercial solutions.
Dun & Bradstreet was advised by Gresham and Minter Ellison. Archer Capital was advised by Houlihan Lokey and Johnson Winter & Slattery.