Key Highlights

● A GTCR-led consortium including Elliott agreed to acquire CCC for US$7.75 per share in cash.

● The deal values CCC at an Enterprise value of about US$6.1 billion.

● Second-quarter Revenue rose 9.8% to US$285.9 million, with GAAP Net Income of US$20.8 million.

● Closing needs Hart-Scott-Rodino clearance and CCC stockholder approval; there is no financing condition.

Latest verified development

CCC Intelligent Solutions Holdings Inc. (NYSE:CCC), which provides cloud software to the insurance and auto-claims ecosystem, announced on 15 October 2026 a definitive agreement to be acquired by a consortium of private Investment firms led by GTCR and including Elliott Investment Management. The price is US$7.75 in cash per share, which the company described as a premium of about 44% to the unaffected closing price on 9 July 2026 and about 59% to the 30-day average to that date.

The deal values CCC at an enterprise value of about US$6.1 billion. The release did not state an Equity value. Closing is expected in the first quarter of 2027, subject to Hart-Scott-Rodino clearance and approval by CCC stockholders, with a meeting to be announced. There is no financing condition: J.P. Morgan is lead arranger of committed debt financing, with Citi also participating.

What CCC does and what it reported

For the second quarter of 2026, reported on 30 July, revenue was US$285.9 million, up 9.8% from US$260.5 million. GAAP net income was US$20.8 million against US$13.0 million, and adjusted EBITDA rose 6.8% to US$115.5 million, though the adjusted Margin eased to 40% from 42%.

Operating cash flow was US$101.6 million and free cash flow US$82.4 million, against US$27.4 million a year earlier. Chief executive Githesh Ramamurthy said CCC aims to be the connective layer for the insurance economy, and he is quoted in the buyout release as saying the board is confident the price recognises the strength of the Business the team has built.

Balance sheet and Capital returns

CCC ended June with cash of US$115.9 million and total debt of US$1.27 billion. It repurchased US$100.2 million of stock in the first half, and shares outstanding fell to 587.8 million from 605.4 million at the end of 2025.

For 2026, management guided to revenue of US$1.158 billion to US$1.164 billion and adjusted EBITDA of US$485 million to US$491 million, and for the third quarter to revenue of US$289.5 million to US$291.5 million. That guidance was issued before the buyout was announced.

Steps remaining before the CCC buyout closes

Deals of this kind turn on a handful of dated or conditional events: the filing of a proxy statement and the date of the stockholder meeting, the expiry or termination of the Hart-Scott-Rodino waiting period, and any additional regulatory steps the parties disclose. Elliott's David Kerko described CCC as a highly durable Franchise in vertical software, while GTCR's Mark Anderson pointed to product innovation.

With no financing condition attached, the remaining gates are Hart-Scott-Rodino clearance and the stockholder vote, ahead of a closing the company expects in the first quarter of 2027.