SCHEDULE: Advent International Reduces CCC Intelligent Solutions Stake Below 5%

Advent International and its affiliates have reported reducing their beneficial ownership in CCC Intelligent Solutions Holdings Inc. to below 5%, ending certain reporting obligations.

Summary

• This document is Amendment No. 11 to the Schedule 13D originally filed by the Reporting Persons on August 9, 2021.
• The reporting persons include Advent International, L.P., Advent International GP, LLC, Advent International GPE VIII, LLC, Cypress Investor Holdings, L.P., Advent International GPE VIII-C Limited Partnership, GPE VIII CCC Co-Investment (Delaware) Limited Partnership, Cypress Investment GP, LLC, GPE VIII GP S.A.R.L, and GPE VIII GP Limited Partnership.
• Following transactions effected on November 7, 2025, the reporting persons ceased to beneficially own 5% or more of the Common Stock of CCC Intelligent Solutions Holdings Inc.
• As a result of ceasing to beneficially own 5% of the Common Stock, the reporting persons have no further beneficial ownership reporting obligations.
• The reporting persons still retain a contingent right to receive an aggregate of up to 9,919,012 Earnout Shares.

Sentiment

Score: 4

Explanation: The filing indicates a significant institutional investor has reduced its stake below the 5% reporting threshold, which can be interpreted as a slightly negative signal regarding their long-term commitment or valuation perspective, although they retain contingent earnout rights.

Positives

• The reporting persons retain a contingent right to receive an aggregate of up to 9,919,012 Earnout Shares, indicating potential future value from a previous transaction.

Negatives

• Advent International and its affiliates have reduced their beneficial ownership in CCC Intelligent Solutions Holdings Inc. to below 5%, signifying a decrease in a major institutional investor's stake.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The reporting persons retain a contingent right to receive an aggregate of up to 9,919,012 Earnout Shares, which relates to a previously disclosed transaction.

Stakeholder Impact

• Shareholders may interpret the reduction in a major institutional investor's stake as a signal of reduced confidence or a strategic exit.
• The company's investor relations team may need to address questions regarding the implications of this ownership change.

Next Steps

• The reporting persons have no further beneficial ownership reporting obligations for CCC Intelligent Solutions Holdings Inc. under Schedule 13D.

Key Dates

Recommendation

This filing primarily reports a procedural change in beneficial ownership, indicating a major institutional investor has reduced its stake below 5%. While this could be seen as a slight negative signal, the investor still retains significant contingent earnout rights. Without further information on the reasons for the reduction or the company's operational performance, a 'hold' recommendation is appropriate, advising investors to monitor future developments and the company's fundamentals.

Keywords

CCC Intelligent Solutions, Advent International, Schedule 13D, Beneficial Ownership, Institutional Investor, Stake Reduction, Earnout Shares, SEC Filing