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

Advent International, along with affiliated entities, sold shares of CCC Intelligent Solutions Holdings Inc. in an underwritten public offering.

Summary

• Advent International, L.P. and related entities filed a Form 4 detailing changes in their beneficial ownership of CCC Intelligent Solutions Holdings Inc. (CCCS).
• The filing reports the sale of common stock in connection with an underwritten public offering.
• The sales occurred on March 3, 2025, at a price of $10.325 per share.
• Advent International, L.P. sold 30,808,368 shares directly.
• Advent International GPE VIII-C Limited Partnership sold 974,378 shares directly.
• GPE VIII CCC Co-Investment (Delaware) Limited Partnership sold 10,217,254 shares directly.
• Following the transactions, Advent International, L.P. indirectly holds 71,403,848 shares through Cypress Investor Holdings, L.P.
• Advent International GPE VIII-C Limited Partnership indirectly holds 2,258,343 shares.
• GPE VIII CCC Co-Investment (Delaware) Limited Partnership indirectly holds 23,680,335 shares.
• Several entities related to Advent International are listed as joint filers, each holding a 10% ownership stake and having representation on the board of directors.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. The sale itself doesn't necessarily indicate a positive or negative outlook for the company, but rather a change in ownership structure.

Industry Context

This transaction reflects a significant shareholder adjusting their position in CCC Intelligent Solutions Holdings Inc., which could be related to market conditions, company performance, or the investment strategy of Advent International.

Comparison to Industry Standards

• It is difficult to compare this transaction to industry standards without knowing the specific reasons behind Advent International's decision to sell shares.
• However, large private equity firms like Advent International often reduce their stakes in portfolio companies after a period of ownership, especially following a public offering.
• Comparable transactions would involve other private equity firms selling shares in publicly listed companies within the technology or software sectors.

Stakeholder Impact

• The sale of shares could potentially impact shareholder confidence in the short term.
• However, the continued indirect ownership by Advent International suggests ongoing involvement and belief in the company's long-term prospects.

Key Dates