CCC Reportedly Considering $3 Billion Sale
Feb. 9, 2017—CCC Information Services Inc. is mulling a sale that values the company at $3 billion, more than five times what it was bought for three years ago.
Backers TPG and Leonard Green & Partners are working with an adviser to find a buyer for the Chicago-based company, according to sources in a Bloomberg report.
Leonard Green agreed to buy CCC from Bahrain-based Investcorp SA in November 2012 in a deal which fetched Investcorp and its backers more than $550 million in proceeds, according to a statement at the time. The firm then almost immediately sold a 50 percent stake in the company to TPG, with plans to expand in Asia.