TechBloomberg2h ago
GTCR and Elliott agree to acquire and take private CCC, a Nasdaq-listed
GTCR and Elliott agree to acquire and take private CCC, a Nasdaq-listed car insurance software provider, for $4.6B; the deal values CCC at $6.1B including debt
TL;DRPrivate equity firms buying CCC, a car insurance software company, for $4.6B.
Why it matters: Consolidation in insurtech signals investor confidence despite sector volatility; impacts insurance claims processing.
GTCR and Elliott Investment Management are acquiring car-insurance software provider CCC Intelligent Solutions Holdings Inc …
Read full articleSource: Bloomberg · Opens in new tab