CCC Signs $6.1B Take-Private Deal With GTCR and Elliott at $7.75/Share Cash
CCC sits 85% above its 52-week low of $4.08.
Summary
CCC agreed to be acquired by a GTCR-led consortium including Elliott for $7.75 per share in cash, a ~$6.1 billion enterprise value and a 44% premium to its pre-speculation price. The deal is not contingent on financing and is expected to close in Q1 2027, subject to shareholder and regulatory approval.
Updates
· SEC DEFA14A — CCC's merger agreement sets a $149,520,000 company termination fee and a $313,992,000 parent termination fee, with an outside termination date of April 14, 2027.
Key Events · M&A and Partnerships · CCC
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Take-Private Deal at $7.75 Cash
GTCR-led consortium including Elliott will acquire CCC for $7.75 per share in cash, an enterprise value of approximately $6.1 billion.
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44% Premium to Unaffected Price
The $7.75 price is a 44% premium to CCC's unaffected July 9, 2026 close and 59% above the 30-day average as of that date.
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No Financing Condition
Buyers have equity, preferred equity and debt commitment letters plus limited guarantees from GTCR and Elliott funds; closing is not conditioned on financing.
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Management Rollover and Support
CEO Githesh Ramamurthy and President Tim Welsh signed Rollover and Support Agreements to contribute shares into buyer affiliate Topco and vote for the merger.
Analysis · CCC · Technology
CCC is being taken private by a GTCR-led consortium including Elliott for $7.75 per share in cash, an enterprise value of roughly $6.1 billion. That is a 44% premium to the unaffected July 9, 2026 close and 59% above the 30-day average as of that date, so the deal price is well above where the stock traded before sale speculation began. The transaction is not subject to a financing condition, backed by equity, preferred equity and debt commitment letters plus limited guarantees from GTCR and Elliott funds. CEO Githesh Ramamurthy and President Tim Welsh are rolling a portion of their shares into the buyer's Topco vehicle and have agreed to vote in favor, aligning management with the deal. The main open items are the shareholder vote and HSR clearance; the outside date is April 14, 2027, with closing expected in Q1 2027. If the board walks away to a superior proposal it owes $149.5 million; if the buyers fail to close, they owe CCC $314.0 million.
At the time of this filing, CCC was trading at $7.57 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.5B. The 52-week trading range was $4.08 to $9.45. This filing was assessed with positive market sentiment and an importance score of 10 out of 10.