CCC Intelligent Solutions, a SaaS platform for the property and casualty insurance economy, and Dragoneer Investment Group today announced the completion of their business combination.
CCC stock and warrants begin trading today on the NYSE under CCCS and CCCS WS.
At the time it was announced in February, the parties valued the deal at $968 million. The transaction includes a $150 million PIPE anchored by Fidelity Investments, T. Rowe Price and other SaaS investors, in addition to a $175 million forward purchase agreement from Dragoneer funds and Michael Bloomberg’s family office, Willett Advisors. Read more.
