Cannae Holdings sells Watkins stake to KDSA Investment Partners
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Cannae Holdings, Inc. Sells its Ownership Interest in The Watkins Company to KDSA Investment Partners
July 31, 2026 8:30 AM EDT~ Sale Represents Another Step in Cannaes Portfolio Transformation and Capital Redeployment Strategy ~
LAS VEGAS--(BUSINESS WIRE)-- Cannae Holdings, Inc. (NYSE: CNNE) ("Cannae" or the "Company") today announces the sale of its ownership stake in The Watkins Company ("Watkins"), a leading flavoring company focused on extracts, spices and seasonings, to KDSA Investment Partners (KDSA).
Cannae invested $80 million in Watkins in October 2024 and including transaction sale proceeds, preferred dividends and fees received during Cannaes ownership, the transaction represents a multiple on invested capital of approximately 1.2x in... More
