CCC Information Services Group has signed a definitive agreement to be acquired by an affiliate of Investcorp, a global investment group. Under the terms of the agreement, CCC stockholders will receive $26.50 in cash for each share of CCC common stock, representing a 10.3 percent premium over the average closing price of CCC’s stock for the last 90 trading days. CCC stock closed at 25.50 on Wednesday. The fully diluted equity value of the transaction is approximately $495 million.
Following the deal, CCC will continue to be headquartered in Chicago and led by the current management team with Githesh Ramamurthy