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Cannae Holdings sells Watkins stake to KDSA Investment Partners - CNNE News | Rallies

Cannae Holdings sells Watkins stake to KDSA Investment Partners

CNNE•2026-07-31

Cannae sells Watkins stake as it shifts portfolio

Cannae Holdings sold its stake in The Watkins Company to KDSA Investment Partners as part of a portfolio shift.
Cannae invested USD 80 million in Watkins in October 2024.
Including sale proceeds, preferred dividends, fees: about 1.2x multiple in under two years; nearly 10% IRR.
Proceeds earmarked for new investments or shareholder returns as Cannae pivots toward sports, entertainment assets.

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Cannae Holdings sells Watkins stake to KDSA Investment Partners

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