Private Equity Consortium Agrees to Buy CCC Intelligent Solutions for $6.1 Billion

Advisers

CCC Intelligent Solutions Holdings Inc. retained Morgan Stanley & Co. LLC as its sole financial adviser. Kirkland & Ellis LLP provides legal counsel to the target company. Joele Frank, Wilkinson Brimmer Katcher acts as communications adviser to CCC Intelligent Solutions Holdings Inc. The buyer consortium retained J.P. Morgan as lead financial adviser and Citigroup as financial adviser. Simpson Thacher & Bartlett LLP acts as legal counsel to GTCR. Gibson, Dunn & Crutcher LLP and Debevoise & Plimpton LLP provide legal counsel to Elliott Investment Management L.P. The October 15, 2026, GlobeNewswire press release confirmed these advisory roles.

How the deal came about

The formal sale process for CCC Intelligent Solutions Holdings Inc. began in the summer of 2026. Reuters published a report on July 9, 2026, stating that the automotive software provider retained Morgan Stanley & Co. LLC to evaluate strategic alternatives, including a potential sale. The board of directors initiated this process to assess interest from both financial sponsors and industry participants. The stock traded at unaffected levels prior to the Reuters publication.

Bloomberg reported on August 19, 2026, that Copart Inc. and private equity sponsors including Veritas Capital were assessing potential bids. The presence of a strategic buyer like Copart Inc. introduced competition into the auction. The auction dynamics changed during the autumn. Copart Inc. withdrew from the CCC Intelligent Solutions Holdings Inc. process after it agreed to acquire ACV Auctions for $1.9 billion in September 2026, according to a Bloomberg report published on October 9, 2026, and data from TIKR dated October 14, 2026.

The exit of the primary strategic bidder left the field open for financial sponsors. GTCR and Elliott Investment Management L.P. formed a consortium to pool equity capital. The consortium negotiated the final merger agreement through entities named Mozart Parent, LLC and its merger subsidiary. The board of directors of CCC Intelligent Solutions Holdings Inc. approved the definitive agreement on October 14, 2026. The parties filed the SEC Form 8-K on October 15, 2026.

Valuation and comparables

The transaction assigns an enterprise value of approximately $6.1 billion to CCC Intelligent Solutions Holdings Inc. The $7.75 per share cash offer represents a 44 percent premium to the July 9, 2026 unaffected closing price. It carries a 1.44 percent premium over the closing price immediately prior to the October 15, 2026 announcement, as reported by InsideArbitrage on that date.

The purchase price implies an 18.15 times trailing twelve-month enterprise value to EBITDA multiple, according to InsideArbitrage on October 15, 2026. The same publisher calculated a multiple of roughly 11 times forward enterprise value to EBITDA. Seeking Alpha published an identical 11 times forward multiple estimate on October 16, 2026. These figures establish a benchmark for software M&A valuation multiples in the current market.

Sell-side analysts published differing views on the takeout price. Morgan Stanley analyst Chris Quintero published a research note on October 12, 2026, estimating that a competitive strategic acquisition could yield a price between $10 and $12 per share. Quintero based this aggressive tactical scenario on a 14 to 15 times next twelve months EBITDA multiple. The final $7.75 price falls short of that theoretical strategic premium.

Following the formal announcement, Jefferies analyst Samad Samana downgraded the stock of CCC Intelligent Solutions Holdings Inc. to Hold. The October 15, 2026 Jefferies note stated the valuation multiple is reasonable and assigned a low probability to a counterbid. Truist Securities analyst Arvind Ramnani downgraded the stock from Buy to Hold on October 16, 2026, setting his price target exactly at the $7.75 deal price.

Financing and structure

The consortium of GTCR and Elliott Investment Management L.P. secured fully committed debt financing to fund the acquisition. J.P. Morgan acts as the lead arranger for the debt package. Citigroup participates in the debt syndicate. The October 15, 2026 GlobeNewswire announcement stated the transaction contains no financing condition. The target company will merge with a subsidiary of Mozart Parent, LLC.

The specific allocation between debt and equity contributions remains undisclosed. PE Hub corroborated the involvement of J.P. Morgan and Citigroup on October 15, 2026. The absence of a financing contingency provides closing certainty to the board of CCC Intelligent Solutions Holdings Inc. Upon completion of the merger, CCC Intelligent Solutions Holdings Inc. will delist its common stock from the Nasdaq exchange and operate as a privately held entity.

Risks, conditions and key dates

The completion of the merger depends on several standard conditions and regulatory approvals.

• July 9, 2026 – The final trading day before Reuters reports the company retained Morgan Stanley & Co. LLC to explore a sale.
• October 14, 2026 – The board of directors of CCC Intelligent Solutions Holdings Inc. signs the definitive merger agreement with Mozart Parent, LLC.
• October 15, 2026 – The companies announce the transaction publicly and file the SEC Form 8-K.
• First quarter of 2027 – Expected closing window for the transaction.

The deal requires approval from the majority of stockholders of CCC Intelligent Solutions Holdings Inc. The transaction is subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The companies expect to finalize the merger in the first quarter of 2027. The SEC Form 8-K filed on October 15, 2026, outlines these conditions. Neither company has disclosed specific termination fee amounts.

Where reports disagree

Financial news outlets published conflicting figures regarding the exact equity value of the transaction. The official press release issued via GlobeNewswire on October 15, 2026, states the deal has an enterprise value of approximately $6.1 billion. It does not provide a separate equity value figure. InsideArbitrage reported on October 15, 2026, that the equity value is $6.1 billion.

Bloomberg published a different calculation. A Bloomberg report distributed via Hedgeweek on October 16, 2026, stated the transaction has an equity value of roughly $4.6 billion. The Bloomberg report confirms the $6.1 billion enterprise value figure when including the target company’s debt. The SEC Form 8-K filed on October 15, 2026, lists the per-share price at $7.75 but does not calculate the aggregate equity consideration.