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 April 9, 2024.

Summary

• Advent International, L.P. and related entities have filed a Form 4 with the SEC, reporting changes in their beneficial ownership of CCC Intelligent Solutions Holdings Inc. (CCCS).
• On April 9, 2024, the entities sold shares of CCCS common stock in an underwritten public offering at a price of $11.575 per share.
• The total number of shares sold by Advent International, L.P. was 12,212,720 directly, 386,259 directly, and 4,050,218 directly.
• Following the transactions, Advent International, L.P. beneficially owns 151,063,087 shares indirectly, 4,777,763 shares indirectly, and 50,098,463 shares indirectly.
• The shares were sold pursuant to a prospectus supplement filed on April 5, 2024, related to a registration statement on Form S-3.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It's a standard filing related to a share sale.

Industry Context

This transaction reflects a significant shareholder adjusting their position in CCC Intelligent Solutions Holdings Inc., which is common after a period of ownership, especially for private equity firms like Advent International.

Stakeholder Impact

• The sale of shares by a major shareholder like Advent International could create short-term price volatility for CCCS stock.
• The increased float of shares may improve liquidity for investors.

Key Dates