Advent International is weighing a sale of CCC Intelligent Solutions, which provides software to the auto insurance industry and has a market value of $7.1B, Reuters’ Milana Vinn reports, citing people familiar with the matter. Morgan Stanley is advising CCC on its discussions with potential suitors, which include other private equity firms, the author says, noting that no deal is certain.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CCCS:
- CCC Intelligent Solutions Q2 results were ‘solid’, says Barrington
- CCC Intelligent Solutions price target raised to $13 from $12 at Barclays
- CCC Intelligent Solutions sees FY23 revenue $851M-$855M, consensus $848.2M
- CCC Intelligent Solutions sees Q3 revenue $215M-$217M, consensus $214.8M
- CCC Intelligent Solutions reports Q2 adjusted EPS 7c, consensus 7c
