Bain Capital Weighs Deal for Advent’s CCC Insurance Software
Bain Capital, one of the world’s largest private equity firms, is considering a deal to acquire CCC Information Services Inc., a software provider for the insurance industry owned by Advent International Corp.
The potential transaction is in the early stages and could still fall apart, according to people familiar with the matter. Advent is working with an adviser to explore options for CCC, the people said, asking not to be identified because the information is private.
Advent acquired CCC in 2015 for $1.4 billion. The company provides software to insurers, auto body shops and other customers to help them manage claims and other processes.
CCC Information Services
CCC Information Services Inc. is a software provider for the insurance industry. It provides software to insurers, auto body shops and other customers to help them manage claims and other processes.
CCC was founded in 1980 and is headquartered in Chicago, Illinois. It has offices in the United States, Canada, and Europe. The company has over 1,000 employees and serves over 11,000 customers.
CCC’s software solutions are used by insurance companies, auto body shops, and other customers to manage claims, repair processes, and other related tasks. The company’s software solutions include CCC ONE, CCC ONE Total Repair Platform, CCC ONE Estimating, CCC ONE Parts, CCC ONE Parts Procurement, CCC ONE Parts Network, CCC ONE Repair Workflow, CCC ONE RepairLink, CCC ONE Claims, CCC ONE Analytics, and CCC ONE Mobile.
Advent International
Advent International is a global private equity firm that focuses on buyouts, growth capital, and venture capital investments. The firm was founded in 1984 and is headquartered in Boston, Massachusetts. It has offices in North America, Europe, Asia, and Latin America.
Advent has invested in over 350 companies in more than 30 countries. The firm has invested in a variety of industries, including consumer, healthcare, financial services, industrial, and technology.
Advent acquired CCC in 2015 for $1.4 billion. Since then, the company has grown significantly and is now a leading provider of software solutions for the insurance industry.
Bain Capital
Bain Capital is one of the world’s largest private equity firms. The firm was founded in 1984 and is headquartered in Boston, Massachusetts. It has offices in North America, Europe, Asia, and Latin America.
Bain Capital has invested in over 800 companies in more than 40 countries. The firm has invested in a variety of industries, including consumer, healthcare, financial services, industrial, and technology.
Bain Capital is now considering a deal to acquire CCC Information Services Inc. from Advent International. The potential transaction is in the early stages and could still fall apart. Advent is working with an adviser to explore options for CCC.
Outlook
If the deal between Bain Capital and Advent International goes through, it would be a major acquisition for Bain Capital. CCC Information Services Inc. is a leading provider of software solutions for the insurance industry and has grown significantly since Advent acquired it in 2015.
The potential transaction is still in the early stages and could still fall apart. However, if the deal goes through, it would be a major win for both Bain Capital and Advent International.