State Farm also participated in latest investment round. Cambridge Mobile Telematics, the telematics and AI platform used by major auto insurers including State Farm and Progressive, has received a $350 million strategic investment led by private equity firm TPG and Allianz X, the strategic investment arm of insurer Allianz Group. State Farm also participated in […]
TPG Acquires Classic Collision
Collision repair facility operator has 262 locations across 16 states. TPG (NASDAQ: TPG) announced that TPG Capital, the U.S. and European private equity platform of TPG, will acquire Classic Collision from New Mountain Capital. Classic Collision’s management team will remain invested in the company. Terms of the transaction were not disclosed. “Today’s announcement is an […]
CCC Acquired by Advent International
Private equity firm acquires insurance and collision repair industry software provider. CCC Information Services Inc., the software and service provider to the automotive, insurance, and collision repair industries, announced today that Advent International, a global investment firm with deep experience in the technology sector, will purchase equity assets from CCC’s previous owners Leonard Green & Partners […]