CCC Intelligent Solutions to be taken private by GTCR and Elliott for $7.75 a share, about $6.1 billion enterprise value
CCC Intelligent Solutions Holdings agreed to be taken private by a consortium led by GTCR and including Elliott Investment Management in an all-cash deal valued at about $6.1 billion of enterprise value, the insurance-economy software company said Thursday.
Stockholders will receive $7.75 a share, a premium of roughly 44% to CCC’s unaffected closing price on July 9 — the last trading day before media speculation about a sale — and about 59% to the 30-day average price as of that date, according to the company’s release furnished with an 8-K.
Shares were up about 16.6% near $7.64 in Thursday morning trading.
Chicago-based CCC said its board approved the transaction after a review of strategic options with financial and legal advisors. Closing is expected in the first quarter of 2027, subject to customary conditions including stockholder and regulatory approvals. The deal is not subject to a financing condition. After close, CCC will become privately held and leave Nasdaq.
Chairman and CEO Githesh Ramamurthy said the partners’ resources will help accelerate AI and “agentic” capabilities for customers across a network of more than 35,000 businesses. GTCR’s Mark Anderson and Elliott’s David Kerko separately highlighted CCC’s role connecting insurers, repairers, automakers, and parts suppliers.
Morgan Stanley advised CCC; J.P. Morgan is lead financial advisor to GTCR and lead arranger of committed financing. CCC still plans to report third-quarter results on Oct. 29 but will not host an earnings call given the pending deal.
By the numbers
- Cash consideration: $7.75 per share
- Enterprise value: about $6.1 billion
- Premium vs. July 9 unaffected close: about 44%
- Premium vs. 30-day average to July 9: about 59%
- Expected close: first quarter of 2027
Sources
- CCC Intelligent Solutions Holdings Inc., Form 8-K (Items 1.01, 7.01, 9.01), Exhibit 99.1 press release, filed Oct. 15, 2026, accession 0001193125-26-422320
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.
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