Dragoneer Growth Opportunities filed a preliminary proxy on its pending merger with CCC Information Services, a SaaS platform for the property and casualty insurance economy.
The time and date of the Dragoneer shareholder meeting to vote on the $968 million deal are not listed in the proxy materials, only placeholders.
All cash proceeds from the transaction will be put towards the Company’s balance sheet, with no existing CCC shareholders selling any shares in connection with the business combination. The transaction includes a $150 million fully committed common stock PIPE anchored by Fidelity Investments, T. Rowe Price and other premier SaaS investors, in addition to a $175 million forward purchase agreement from Dragoneer funds and Michael Bloomberg’s family office, Willett Advisors. Read more.
