Cannae Holdings, Inc. Agrees to Sell Brasada Ranch to a Company Owned by William P. Foley, II in Exchange for Termination of Mr. Foley’s Put Right
Cannae Holdings agreed to sell its 87% stake in Brasada Ranch to a company owned by Vice Chairman William P. Foley, II, effectively terminating Mr. Foley's put right. The transaction implies an enterprise value of $40 million, with the buyer assuming approximately $17 million in property debt, and frees up at least $47 million of capital.
Key figures
- Deal Value Usd
- 40000000
- Debt assumed
- $17 million
- Capital freed
- $47 million
- Enterprise value
- $40 million
- Historical distributions
- $13.5 million
AI analysis
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