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 on July 1, 2024.

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).
• On July 1, 2024, the entities sold shares of CCCS common stock in connection with an underwritten public offering.
• The sale price was $11.299 per share, net of underwriting discounts and commissions.
• Advent International, L.P. sold 18,319,076 shares directly.
• Advent International GPE VIII-C Limited Partnership sold 579,391 shares directly.
• GPE VIII CCC Co-Investment (Delaware) Limited Partnership sold 6,075,328 shares directly.
• Following the transactions, Cypress Investor Holdings, L.P. indirectly holds 102,212,216 shares.
• Advent International GPE VIII-C Limited Partnership indirectly holds 3,232,721 shares.
• GPE VIII CCC Co-Investment (Delaware) Limited Partnership indirectly holds 33,897,589 shares.
• The filing also clarifies the relationships between the various Advent entities and their respective general partners and managers.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a transaction without expressing positive or negative views.

Industry Context

Private equity firms like Advent International often monetize their investments through public offerings, which is a common practice in the financial industry.

Stakeholder Impact

• The share sale may impact the stock price of CCC Intelligent Solutions Holdings Inc.
• The transaction provides liquidity for Advent International and its affiliated entities.

Key Dates