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You are here: Home / News / Investcorp Completes Sale of CCC to Leonard Green & Partners

Investcorp Completes Sale of CCC to Leonard Green & Partners

January 16, 2013 By CollisionWeek Editor

Investcorp confirmed that it has successfully completed the sale of CCC Information Services to the Los Angeles based private equity firm Leonard Green & Partners, L.P.

Terms of the transaction were not disclosed however Investcorp noted that the sale of CCC unlocks over $550 million in proceeds for Investcorp and its investors. CCC was a publicly held company prior to the Investcorp acquisition. Investcorp acquired CCC in 2006 for $26.50 per share. At the time, the value of the transaction was reported to be approximately $495 million.

Investcorp said that during the period of their ownership of CCC, since February

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Filed Under: News Tagged With: Acquisitions, CCC, Leonard Green & Partners, Private Equity

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