CCC Intelligent Solutions to go private in $6.1B transaction led by GTCR and Elliott
- CCC Intelligent Solutions Holdings (CCC) has entered into a definitive agreement to be acquired by a consortium of private investment firms led by GTCR, including Elliott Investment Management, in an all-cash transaction with an enterprise value of approximately $6.1B.
- Under the terms of the agreement, CCC stockholders will receive $7.75 in cash for each share of CCC common stock, representing a premium of ~44% to CCC’s unaffected closing stock price on July 9, the last trading day before media speculation regarding a potential sale of the company.
- Based in Chicago, CCC connects more than 35,000 businesses across the insurance economy.
- The transaction was approved by CCC’s Board of Directors and is expected to close in the first quarter of 2027.
- Until the transaction closes, CCC remains publicly traded and will continue operating as an independent company. The transaction is not subject to a financing condition.
- CCC Intelligent Solutions (CCC) stock fell 1.1% premarket.
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