Cannae Holdings, Inc. Announces Agreement to Wind Down Management Services Agreement
Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that the Company has agreed to wind down its Management Services Agreement (“MSA”) with Trasimene Capital Management, LLC (“Trasimene”).
- Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that the Company has agreed to wind down its Management Services Agreement (“MSA”) with Trasimene Capital Management, LLC (“Trasimene”).
- Cannae expects these transactions to be marginally accretive to Net Asset Value Per Share upon the effective date of July 2, 2024.
- Mr. Foley commented, “The wind-down of the Trasimene management agreement demonstrates my clear intention of alignment with Cannae’s shareholders.
- We firmly believe that this transition from an externally managed entity to bringing all management and investment functions into Cannae is the right course of action.