CCC Intelligent Solutions Holdings Inc. announced that it, along with affiliates of Advent International, L.P., has entered into an underwriting agreement with BofA Securities, Goldman Sachs, Jefferies, and J.P. Morgan for the sale of 42 million shares of common stock. The selling stockholders received approximately $433.7 million in gross proceeds.

As part of the transaction, CCC repurchased 7 million shares from the underwriters at the same per-share price as the offering. The repurchase was reviewed and approved by the company’s audit committee, which consists entirely of independent directors.

The offering, including the repurchase, closed on March 3, 2025. All shares were sold by the selling stockholders, and CCC did not receive any proceeds from the transaction.

The underwriting agreement includes customary representations, warranties, and indemnification provisions. A copy of the agreement has been filed as an exhibit.