A deal for insurance and repair software
CCC Intelligent Solutions Holdings Inc. said on October 15 that a consortium led by GTCR and including Elliott Investment Management had agreed to acquire it in an all-cash transaction with an enterprise value of about $6.1 billion [1].
CCC supplies software connecting insurers, repair businesses, automakers and parts suppliers. Its tools support insurance claims and vehicle repairs [1].
Approvals still required
Shareholders would receive $7.75 in cash per share. CCC's board approved the agreement, but shareholders and regulators must still approve the transaction. The company expects completion in the first quarter of 2027 [1].
CCC remains publicly traded and independent until closing. The agreement is not subject to a financing condition [1].