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 […]
CCC to Get New Controlling Interest Investor
CCC Information Services Inc. announced that the private equity firm Leonard Green & Partners has entered into a definitive agreement to acquire a controlling interest in the company from Investcorp. Committed debt financing has been provided by affiliates of Goldman Sachs, including its principal mezzanine funds, and J.P. Morgan. Terms of the transaction were not […]
Judge Halts CCC Mitchell Merger
A district court judge has ordered that the merger between CCC Information Services and Mitchell International Inc. may not proceed until the completion of a full investigation by the Federal Trade Commission (FTC). As in many merger cases, the court’s decision may mean the end of the deal between the two companies unless they are […]
Mitchell International and CCC Plan Merger
Two of the three main information providers agree to join forces. CollisionWeek has confirmed from several sources that Mitchell International and CCC Information Services have entered into a definitive agreement to merge the two companies. On Thursday night, some customers of CCC Information Services and Mitchell International had received telephone calls from the companies explaining […]
CCC to be Acquired by Investment Group for $26.50 per Share
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 […]
CCC Pledges Funding for Education Programs and Key Industry Associations
CCC Information Services Inc. announced December 3 that it has renewed its philanthropic contributions to key industry associations. The company renewed its pledge of funding for the I-CAR Education Foundation, National Auto Body Council (NABC), Collision Technician Apprentice Program (CTAP), Automotive Management Institute (AMI) and Vocational Industrial Clubs of America (VICA). As in 1998, CCC […]
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