| Deal value | $6.1B |
|---|---|
| Share of market cap | 135.6% |
| Share of annual revenue | 577.1% |
Key highlights
- All-cash consideration of $7.75 per share, representing a 44% premium to the July 9, 2026 unaffected price
- Total enterprise value of approximately $6.1 billion including assumed debt
- Transaction expected to close in the first quarter of 2027 following regulatory and stockholder approval
- CCC will transition from a public company to a privately held entity upon deal completion
- The acquisition follows a unanimous approval from the CCC Board of Directors after a strategic review
What Is the Deal?
CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCC) has entered into a definitive agreement to be acquired by a private investment consortium led by GTCR and including Elliott Investment Management L.P. The transaction is structured as an all-cash merger with an enterprise value of approximately $6.1 billion. Under the terms of the agreement, CCC stockholders will receive $7.75 per share in cash. This price represents a 44% premium to the company's unaffected closing price on July 9, 2026, and a 59% premium to its 30-day average price prior to media speculation regarding a potential sale. The company is expected to become a private entity in early 2027.
Deal Structure & Terms
- Consideration is 100% cash at $7.75 per share of common stock
- Unvested restricted stock awards will convert into restricted cash awards subject to original vesting schedules
- Vested restricted stock units will be cancelled and converted into immediate cash payments at the merger price
- Stock options with an exercise price below $7.75 will receive a cash payment for the spread value
- The deal is subject to customary closing conditions, including antitrust clearances and stockholder approval
- CCC will continue to trade on the NASDAQ until the transaction successfully closes in Q1 2027
Strategic Rationale
“Today’s announcement follows a thorough review of strategic options with assistance from our financial and legal advisors. Our Board of Directors is confident this transaction recognizes the strength of the business our team has built while delivering immediate and premium cash value to our stockholders.”
Business Overview
CCC serves as a central SaaS and AI platform provider for the multi-trillion-dollar insurance economy, connecting a network of more than 35,000 businesses. Its ecosystem includes insurance carriers, automotive repair facilities, parts suppliers, and vehicle manufacturers. The platform leverages 40 years of industry data and integrated AI to manage mission-critical workflows across the claims and repair lifecycle. Recent corporate expansion includes the $730 million acquisition of EvolutionIQ in late 2024, which enhanced the company's AI-driven claims guidance capabilities. The company currently manages a backlog of $1.85 billion in remaining performance obligations, reflecting a stable long-term revenue profile within the vertical software sector.
Financial Context
- Full-year 2026 revenue guidance is currently set between $1,158 million and $1,164 million
- Adjusted EBITDA for 2026 is projected in the range of $485 million to $491 million
- The company reported quarterly revenue of $285.9 million in its most recent performance update
- As of mid-2026, approximately $797 million of total backlog was expected to be recognized within 12 months
- The transaction premium of 44% follows a period of significant share price appreciation and technical strength
| Date | Announcement | Amount |
|---|---|---|
| 20 Dec 2024 | Definitive agreement to acquire EvolutionIQ, Inc.Source: kirkland.com | $730.0 Million |
Management commentary
“We look forward to partnering with Githesh and the talented CCC team to support continued investment in product innovation and AI capabilities, expand the Company’s offerings and build long-term value.”
“CCC’s role within the large ecosystem of insurers, repair facilities, automakers and parts suppliers creates strong data advantages and network benefits for their more than 35,000 customers.”
| Share price | $7.64 |
|---|---|
| Market cap | $4.5B |
| Revenue (annual) | $1.1B |
| P/E (TTM) | 109.1× |
| 1-month price change | +13.02% |
| Sector | TechnologySoftware - Application |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
SEC filing by CCC Intelligent Solutions Holdings Inc. announcing a definitive agreement to be acquired by GTCR and Elliott.
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