CCC Intelligent Solutions Holdings announced the proposed secondary offering of 50M shares of the company’s common stock by affiliates of Advent International and Oak Hill Capital Partners. The offering consists entirely of shares of the company’s common stock to be sold by the selling stockholders, and the company will not receive any proceeds from the sale of the shares being offered by the selling stockholders. J.P. Morgan, Morgan Stanley, BofA Securities and Goldman Sachs & Co. LLC are acting as joint book running managers for the offering.
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