News

CCC Reportedly Considering $3 Billion Sale

Order Reprints

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.

 

Related Articles

CCC Launches Telematics Data Exchange

CCC Introduces CCC ONE Platform for OEMs

CCC, Audatex, Mitchell Contribute to Ed. Foundation

You must login or register in order to post a comment.