CCC Intelligent Solutions Agrees to $6.1 Billion Sale to GTCR-Led Group

CCC Intelligent Solutions Holdings Inc. (Nasdaq: CCC) has agreed to an all-cash acquisition by a consortium led by GTCR, with the transaction carrying an enterprise value of about $6.1 billion. Elliott Investment Management is part of the consortium, which is made up of private investment firms and led by GTCR. The deal follows earlier takeover discussions involving GTCR and Elliott that had not produced a definitive agreement or disclosed a transaction price. CCC is listed on Nasdaq under the ticker CCC. It develops software and technology for the property and casualty insurance industry, including the car insurance business. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.