CCC Information Services Inc., announces that Leonard Green& Partners has entered into a definitive agreement to acquire acontrolling interest in the company from Investcorp. CCC is aprovider of advanced software and workflow tools to the insuranceautomotive claims and collision repair industries.

|

“We're very excited about the opportunities ahead and thechance to partner with Leonard Green. They have an impressivestable of companies and a tremendous track record of helping thosecompanies grow,” says Githesh Ramamurthy, chairman and CEO of CCC.“I would like to extend my sincere thanks to the Investcorp teamfor their strong and supportive partnership. Thispartnership is a terrific fit as CCC continues to drive innovationand growth.”

|

“We love companies with strong business models, leading marketpositions, and proven management teams,” says John Danhakl,managing partner at Leonard Green. “CCC has built a fantasticbusiness by relentlessly focusing on value added solutions fortheir customers. They have a compelling view of the future, and welook forward to working with the team to help grow and expand ininnovative ways.”

|

Terms of the transaction were not disclosed.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.