The CCC Intelligent Solutions take-private deal was announced on October 15, 2026, when the Chicago-based software provider to auto insurers and repair shops agreed to be acquired by a group led by GTCR and including Elliott Investment Management. The all-cash agreement values CCC at about $6.1 billion including debt, and stockholders will receive $7.75 in cash for each share.
That price is about 44 percent above CCC’s closing share price on July 9, 2026, the last trading day before media reports that the company was exploring a sale. It is about 59 percent above the 30-day average price as of that date, according to CCC’s announcement filed with the U.S. Securities and Exchange Commission.
CCC Intelligent Solutions take-private: terms and timing
CCC’s board has approved the agreement. The companies expect the deal to close in the first quarter of 2027, subject to customary conditions, including regulatory approvals and a vote by CCC stockholders. The agreement carries no financing condition, meaning the buyers’ funding is not a contingency for completion.
Until closing, CCC stays publicly traded and operates as an independent company. Once the deal is complete, its shares will be removed from the Nasdaq. The company said a stockholder meeting will be announced as soon as practicable, and that it will file proxy materials with the SEC. Its filing also lists the expiration of the U.S. antitrust waiting period under the Hart-Scott-Rodino Act among the conditions that must be met. CCC will report third-quarter results on October 29, 2026. Because of the pending deal, it will not hold an earnings call.
How the sale came together
The agreement ends a process that became public in July. Reuters reported on July 9 that CCC had hired Morgan Stanley and approached potential buyers, including private equity firms. In that report, Reuters said CCC’s market value had fallen to about $3.3 billion from about $6.4 billion a year earlier, as investors worried about slowing growth, weaker claims volumes, and slower-than-expected uptake of newer software products.
In August, Bloomberg reported that the vehicle auction company Copart was in talks to buy CCC and was competing against private equity firms. CCC told one trade publication it does not comment on rumors, and HCN found no public confirmation from Copart. On October 9, Reuters reported that GTCR and Elliott were in advanced talks.
What the buyers say they are paying for
CCC’s software connects more than 35,000 businesses, including insurers, repairers, automakers, and parts suppliers, through the workflows used to handle claims and repairs. In the announcement, Elliott’s David Kerko pointed to the company’s data advantages and network effects. GTCR’s Mark Anderson said the firm expects to support investment in product and artificial intelligence capabilities. CCC’s chairman and chief executive, Githesh Ramamurthy, said the board reviewed its strategic options before agreeing to the sale. These are the parties’ own descriptions and have not been independently assessed.
Who is behind the deal
According to the companies’ announcement, GTCR is a Chicago-based private equity firm founded in 1980 that manages about $45 billion in equity capital. Elliott Investment Management, based in West Palm Beach, Florida, reports managing about $80.3 billion in assets as of June 30, 2026. Both figures come from the firms’ own descriptions.
On the financing side, J.P. Morgan is lead financial advisor to GTCR and lead arranger of committed financing, with Citi also advising and taking part in the financing. CCC is advised by Morgan Stanley and the law firm Kirkland & Ellis. Simpson Thacher & Bartlett advises GTCR, while Gibson, Dunn & Crutcher and Debevoise & Plimpton advise Elliott.
What is still unknown
The public documents reviewed do not describe the buyers’ debt load, their plans for CCC’s staff or leadership beyond Ramamurthy’s continued involvement, or any changes for customers. HCN has found no documented effect on employees or customers, and none should be assumed until the parties or regulators say more.
The CCC Intelligent Solutions take-private deal now has two firm milestones: CCC’s October 29 earnings release and the filing of its proxy statement, which should set out the background to the deal and the date of the stockholder vote.