Key Highlights

  • CCC signed a definitive agreement on 15 October 2026 to be acquired by funds affiliated with GTCR and Elliott for US$7.75 in cash per share, an Enterprise value of about US$6.1 billion.
  • Closing is expected in the first quarter of 2027, subject to stockholder approval and regulatory clearances.
  • Second-quarter 2026 Revenue was US$285.9 million, up 9.8 per cent, with adjusted EBITDA of US$115.5 million.

The agreed offer

CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC), the software provider to the insurance and automotive claims industry, signed a definitive agreement on 15 October 2026 to be acquired by funds affiliated with GTCR and Elliott. The consideration is US$7.75 in cash per share, valuing the company at an enterprise value of about US$6.1 billion.

There is no financing condition, and J.P. Morgan is lead arranger of committed financing, with Citi participating.

Approvals and timing

The company's board has approved the transaction. Completion requires approval by CCC stockholders and the necessary regulatory clearances, including expiry or termination of the Hart-Scott-Rodino Act waiting periods. The parties expect closing in the first quarter of 2027.

The release refers to circumstances in which termination fees would be payable but does not state an amount in the text reviewed. Chief executive Githesh Ramamurthy said the board was confident that the transaction recognises the value of the Business the team has built.

Net Debt of about US$1.15 billion at that date helps bridge to the enterprise value.

Latest reported results

On 30 July 2026, CCC reported second-quarter revenue of US$285.9 million, up 9.8 per cent from US$260.5 million. GAAP Net Income was US$20.8 million, compared with US$13.0 million, while adjusted EBITDA was US$115.5 million, a 40 per cent margin.

Operating cash flow was US$101.6 million and free cash flow US$82.4 million, against US$27.4 million a year earlier. At 30 June, cash was US$115.9 million and total debt US$1.27 billion. Shares outstanding fell from 605.4 million at the end of 2025 to 587.8 million, after US$100.2 million of repurchases in the first half.

Gross profit was US$210.6 million on a GAAP basis, a 74 per cent margin, and GAAP Operating Income roughly doubled to US$47.6 million from US$24.5 million. Adjusted operating income was US$101.6 million. Adjusted net income was US$61.3 million, up from US$58.9 million.

Company guidance, given on 30 July before the offer, was for third-quarter revenue of US$289.5 million to US$291.5 million and 2026 revenue of US$1.158 billion to US$1.164 billion, with 2026 adjusted EBITDA of US$485 million to US$491 million.

What to watch

CCC will release third-quarter results on 29 October 2026 and, because of the pending transaction, will hold no conference call or webcast. The figures will show whether the business is tracking its July guidance.

Beyond that, the key milestones are the filing and mailing of proxy materials, the stockholder vote, the regulatory waiting periods and any change in financing or terms. Shareholders should read the proxy statement for the background to the deal and the board's reasons.