CCC Intelligent Solutions Agrees to $6.1B Take-Private Deal with GTCR, Elliott

CCC Intelligent Solutions said on Thursday it agreed to be acquired by a consortium of private investment firms led by GTCR and including Elliott Investment Management in a $6.1 billion take-private deal. Shareholders of the Chicago-based company will receive $7.75 in cash for each share held, CCC said. The offer represents a 44% premium to the stock’s close on July 9, before Reuters reported the company was exploring a sale. CCC provides software to the property and casualty insurance industry, including tools for claims management and damage estimation. Software valuations are under pressure amid concerns that artificial intelligence could disrupt businesses, slow growth and erode earnings. Investors have been largely indiscriminate in their selloff of software stocks, creating opportunities for private equity firms to acquire companies they view as undervalued, said Nelson Iginla, a principal at GTCR. “CCC is a business where the stock price was much higher historically … but as we look at the actual underlying performance of the business, the performance has been extremely strong,” Iginla said. “When you peel things back, it’s a business that we think is made better by AI, not worse by AI.” Earlier this year, the company faced investor concerns over slowing growth, softer claims volumes and a slower-than-expected rollout of some newer software products, which had weighed on its share price. The company said the deal followed a review of strategic options. Private equity firm Advent International acquired CCC in 2017. Advent later took the company public through a merger with a blank-check company in 2021 and exited its investment in 2025. The deal is not subject to financing conditions and is expected to close in the first quarter of 2027, after which CCC will become privately held. The company is scheduled to report third-quarter results on October 29. CCC shares were little changed at $7.61 in Thursday trading, after rising recently on media reports of a potential deal. Morgan Stanley is advising CCC, while J.P. Morgan and Citi are advising GTCR. Simpson Thacher & Bartlett served as legal counsel to GTCR, and Gibson, Dunn & Crutcher and Debevoise & Plimpton served as legal counsel to Elliott.