Press Release

Cannae Holdings and KDSA Announce Majority Stake Acquisition in The Watkins Company

October 7, 2024

Santa Monica – October 7, 2024 – Cooley advised Cannae Holdings (NYSE: CNNE), an investment firm with stakes in restaurants, technology-enabled healthcare services, financial services and more, on its partnership with KDSA Investment Partners to acquire a majority stake in The Watkins Company, a 156-year-old American heritage brand renowned for its high-quality flavoring products. The strategic investment aims to leverage the strengths of both Cannae and KDSA to drive growth and innovation for Watkins’ fast-growing portfolio, including spices, seasonings and extracts. The transaction is expected to close in October 2024.

Lawyers Matt Hallinan, Stephanie Gentile and Baasit Bhutta led the Cooley team advising Cannae Holdings.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,300+ lawyers across 19 offices in the United States, Asia and Europe, and a total workforce of more than 3,000.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.