Form 4: Advent International Sells Shares of CCC Intelligent Solutions Holdings Inc.

Advent International, along with affiliated entities, sold shares of CCC Intelligent Solutions Holdings Inc. at a price of $9.08 per share on May 20, 2025.

Summary

• Advent International, L.P. and related entities filed a Form 4 detailing changes in beneficial ownership of CCC Intelligent Solutions Holdings Inc. (CCCS).
• The transactions occurred on May 20, 2025.
• Advent International, L.P. sold 22,005,957 shares of common stock at $9.08 per share.
• Additional sales were made by Advent International GPE VIII-C Limited Partnership (695,999 shares at $9.08) and GPE VIII CCC Co-Investment (Delaware) Limited Partnership (7,298,044 shares at $9.08).
• Following these transactions, Advent International, L.P. indirectly beneficially owns 49,397,891 shares.
• Advent International GPE VIII-C Limited Partnership indirectly beneficially owns 1,562,344 shares.
• GPE VIII CCC Co-Investment (Delaware) Limited Partnership indirectly beneficially owns 16,382,291 shares.
• The filing also indicates that Eric Wei and Lauren Young, Managing Directors of Advent, serve on the board of directors of CCCS and represent the Reporting Persons.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reflects a standard transaction of share sales by a major shareholder. The impact on the company's future performance is uncertain.

Negatives

• Advent International and related entities reduced their holdings in CCC Intelligent Solutions Holdings Inc.

Risks

• The sale of a significant number of shares by a major shareholder like Advent International could potentially create downward pressure on the stock price of CCC Intelligent Solutions Holdings Inc.

Industry Context

Private equity firms like Advent International often invest in companies with the intention of eventually exiting their investment, typically through a sale of shares. This Form 4 filing reflects such a transaction.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, including directors and major shareholders, as mandated by the SEC.
• The size and frequency of such transactions can vary widely depending on the investment strategy and holding period of the involved parties.
• Comparable transactions would include similar filings by other private equity firms or large institutional investors divesting or adjusting their positions in publicly traded companies.

Stakeholder Impact

• Shareholders may react to the news of a large share sale by a major holder, potentially impacting the stock price.
• Employees may experience uncertainty depending on the perceived reasons for the share sale.
• The impact on customers, suppliers, and creditors is likely to be minimal unless the share sale signals a significant change in the company's strategy or financial health.

Key Dates

Keywords

CCC Intelligent Solutions Holdings Inc., Advent International, share sale, beneficial ownership, Form 4, CCCS