GTCR, Elliott Agree to Take CCC Private in $6.1B Deal

CCC Intelligent Solutions has agreed to be acquired by a consortium of private investment firms led by GTCR and including Elliott Investment Management in an all-cash deal valued at about $6.1 billion, including debt.

CCC shareholders will receive $7.75 per share, a premium of about 44% to the company’s closing price on July 9, the last trading day before media reports of a potential sale.

Based in Chicago, CCC provides software that connects more than 35,000 businesses across the auto insurance economy, helping insurers, repair shops, automakers and parts suppliers manage the claims and repair process.

“With GTCR and Elliott’s experience and resources, we will continue to build on our momentum and extend our leadership,” said Githesh Ramamurthy, CCC’s chairman and CEO.

The deal caps a months-long sale process. In July, Elliott was reported to have built a large stake in CCC, with the effort led by its private equity business rather than its activist team. CCC then hired Morgan Stanley to explore options, and online vehicle auctioneer Copart was also reported to have held acquisition talks.

The price is well below CCC’s past valuation. The company explored a sale in 2023, when it was valued at about $8 billion. Advent International acquired CCC in 2017, took it public through a SPAC merger in 2021 and fully exited its stake in 2025. The deal comes as investors reassess software companies amid concerns that AI could disrupt established technology providers.

The transaction, approved by CCC’s board, is expected to close in the first quarter of 2027, after which CCC’s shares will be delisted from Nasdaq.

J.P. Morgan is lead financial advisor to GTCR and lead arranger of committed financing, with Citi also advising and participating in the financing.