A consortium of private investment firms led by GTCR, and including Elliott Investment Management, has agreed to acquire CCC Intelligent Solutions in an all-cash take-private deal with an enterprise value of approximately $6.1 billion.
CCC stockholders will receive $7.75 in cash per share. That is a premium of approximately 44 percent to the company's unaffected closing price on July 9, 2026, the last trading day before media speculation about a potential sale, and approximately 59 percent to its 30-day average price as of that date. The company's board approved the deal following a review of strategic options.
Chicago-based CCC connects more than 35,000 businesses, including insurers, repairers, automakers and parts suppliers. The company draws on 40 years of industry data and has embedded AI into claims and repair workflows for more than a decade. Githesh Ramamurthy is CCC's chairman and CEO.
GTCR plans to support continued investment in product innovation and AI capabilities and to expand the company's offerings. David Kerko, head of global private equity at Elliott, said CCC's position within its ecosystem creates strong data advantages and network benefits. The deal is expected to close in the first quarter of 2027, after which CCC will be privately held and its stock delisted from Nasdaq. JP Morgan and Citi are providing committed financing.
Source: PE Hub · Summarized by HeadlinesBriefing