Private equity firm Bain is considering a potential acquisition of CCC Intelligent Solutions, a car insurance software vendor. Bain is among multiple interested parties, with CCC Intelligent backed by PE firm Advent International. While no final decision has been made, Bain could choose to pursue the takeover of the Chicago-based company. This news follows a report that CCC Intelligent shares rose 4% after Reuters stated that Advent was exploring a sale of the company. CCC Intelligent currently has a market cap of $7.7 billion and became publicly traded through a SPAC deal in February 2021.
Bain, a private equity firm, is currently evaluating the possibility of acquiring CCC Intelligent Solutions, a car insurance software vendor. Alongside other interested parties, Bain has expressed interest in CCC Intelligent, which is supported by Advent International, a PE firm. However, it is important to note that no final decision has been reached, and Bain may ultimately choose not to pursue the acquisition of the Chicago-based company. This development comes after CCC Intelligent’s shares experienced a 4% increase following a Reuters report indicating Advent’s exploration of a potential sale of the company. CCC Intelligent currently boasts a market capitalization of $7.7 billion, having gone public through a SPAC deal in February 2021.
Bain has emerged as one of the potential contenders for the acquisition of CCC Intelligent Solutions, a car insurance software vendor. CCC Intelligent, backed by Advent International, has garnered interest from multiple suitors, with Bain being one of them. However, it is important to note that Bain’s pursuit of the Chicago-based company is not yet confirmed, and the final decision could go either way. This news comes on the heels of a 4% increase in CCC Intelligent shares, which occurred following a Reuters report stating that Advent was exploring a potential sale of the company. Having become a publicly traded entity through a SPAC deal in February 2021, CCC Intelligent currently holds a market capitalization of $7.7 billion.