Cannae Holdings publishes investor presentation on shift toward sports and entertainment assets
CNNE•Exeter Rugby Group acquisition and asset sales
- Acquired 100% of Exeter Rugby Group, valuing it at enterprise value of about GBP 32.6 million; invested about GBP 19.6 million.
- Since 2025, sold about $790 million of assets to fund the portfolio transition.
Net asset value, dividend and share repurchases
- Net asset value of $1 billion, or $24.27 per share.
- Annualized dividend set at $0.60 per share.
- Reported $1.1 billion of share repurchases since 05/12/21, totaling 52,100,000 shares, or 56% of shares outstanding.
Portfolio shift toward sports and entertainment
Cannae (CNNE) outlined a portfolio shift toward sports and entertainment assets to build a more concentrated platform.
