Key Takeaways
- • GTCR and Elliott Investment Management agreed to acquire CCC Intelligent Solutions Holdings in a $4.6bn take-private transaction, valuing the company at approximately $6.1bn including debt, according to Bloomberg.
- • Shareholders will receive $7.75 per share in cash, a 44% premium to CCC's closing share price on 9 July, before reports of a potential sale emerged.
- • The deal remains subject to regulatory approval and is expected to close in the first quarter of 2027.
- • The buyout returns CCC to private ownership, following its 2021 SPAC listing at roughly $7bn and Advent International's exit in 2025.
- • Morgan Stanley advised CCC, while JPMorgan (lead) and Citigroup advised GTCR.
Summary
Private equity firm GTCR and Elliott Investment Management have agreed to acquire CCC Intelligent Solutions Holdings in a $4.6bn take-private transaction, according to Bloomberg. The deal values the automotive insurance software provider at approximately $6.1bn including debt. Shareholders will receive $7.75 per share in cash, a 44% premium to CCC's closing share price on 9 July, which predates reports of a potential sale.
CCC provides software used by automotive insurers and repair businesses to manage claims and vehicle repairs. The company went public in 2021 through a merger with a special purpose acquisition company at a valuation of approximately $7bn. It was previously acquired by Advent International in 2017, and Advent sold its remaining stake in 2025. The transaction marks CCC's return to private ownership. It remains subject to regulatory approval and is expected to close in the first quarter of 2027.
Elliott, which built a stake in CCC earlier this year, pursued the acquisition through its private equity investment arm. The activist firm has previously participated in buyouts including Cloud Software Group, Syneos Health, Nielsen Holdings and Barnes & Noble. Bloomberg previously reported that vehicle auction specialist Copart and several private equity firms had also explored acquiring CCC.
The deal is a significant software buyout struck amid declining sector valuations, driven by investor concern over the potential impact of artificial intelligence on established software business models. Githesh Ramamurthy, chairman and CEO of CCC, said the backing of GTCR and Elliott would allow the company to accelerate development of its AI capabilities and expand its platform. Mark Anderson, GTCR's head of technology, media and telecommunications, said the firm had followed CCC for several years and sees opportunities to support its next phase of growth as customers adopt AI-driven solutions.
Morgan Stanley advised CCC on the transaction. JPMorgan served as lead financial adviser to GTCR, alongside Citigroup.
CCC provides software used by automotive insurers and repair businesses to manage claims and vehicle repairs. The company went public in 2021 through a merger with a special purpose acquisition company at a valuation of approximately $7bn. It was previously acquired by Advent International in 2017, and Advent sold its remaining stake in 2025. The transaction marks CCC's return to private ownership. It remains subject to regulatory approval and is expected to close in the first quarter of 2027.
Elliott, which built a stake in CCC earlier this year, pursued the acquisition through its private equity investment arm. The activist firm has previously participated in buyouts including Cloud Software Group, Syneos Health, Nielsen Holdings and Barnes & Noble. Bloomberg previously reported that vehicle auction specialist Copart and several private equity firms had also explored acquiring CCC.
The deal is a significant software buyout struck amid declining sector valuations, driven by investor concern over the potential impact of artificial intelligence on established software business models. Githesh Ramamurthy, chairman and CEO of CCC, said the backing of GTCR and Elliott would allow the company to accelerate development of its AI capabilities and expand its platform. Mark Anderson, GTCR's head of technology, media and telecommunications, said the firm had followed CCC for several years and sees opportunities to support its next phase of growth as customers adopt AI-driven solutions.
Morgan Stanley advised CCC on the transaction. JPMorgan served as lead financial adviser to GTCR, alongside Citigroup.
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