Bain Capital and TPG Inc. are considering a takeover of car insurance software provider CCC Intelligent Solutions, Bloomberg’s Crystal Tse, Ryan Gould, and Liana Baker report, citing people familiar with the matter. The private equity firms are among suitors that have expressed interest in buying the company, the authors note. CCC Intelligent Solutions shares are up nearly 7% after the news.
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Read More on CCCS:
- CCC Intelligent Solutions initiated with a Buy at Stifel
- Advent weighs sale of CCC Intelligent Solutions, Reuters reports
- 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