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CHICAGO - Advent International, a major shareholder of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC), announced Wednesday a proposed secondary offering of 37,342,526 shares of the company’s common stock. CCC’s shares are currently trading at $7.83, down significantly from their 52-week high of $12.88, with the stock having declined over 30% year-to-date according to InvestingPro data.
The offering consists entirely of shares to be sold by affiliates of Advent International, with CCC Intelligent Solutions not receiving any proceeds from the transaction, according to a company press release.
Goldman Sachs & Co. LLC will serve as the book running manager for the offering, which is being made through an effective shelf registration statement on Form S-3 that was filed with the Securities and Exchange Commission in October 2022.
CCC Intelligent Solutions, a provider of SaaS platforms for the insurance industry, connects more than 35,000 businesses through its CCC Intelligent Experience Cloud platform. The company’s technology serves insurers, repair facilities, automakers, and parts suppliers. With a market capitalization of approximately $5 billion and annual revenue of $1.03 billion, CCC has demonstrated solid revenue growth of 10.6% over the last twelve months. InvestingPro analysis indicates the company appears undervalued based on its Fair Value assessment.
The offering will only proceed after the filing of a prospectus supplement and accompanying base prospectus with regulatory authorities.
The announcement comes as part of Advent International’s apparent strategy to reduce its ownership stake in CCC Intelligent Solutions, though the private equity firm will remain a significant shareholder following the transaction.
The sale represents a substantial block of shares being placed on the market, though the pricing details were not disclosed in the announcement. Analysts maintain a bullish outlook on CCC with a consensus "Buy" recommendation and price targets ranging from $9.50 to $14, suggesting potential upside from current levels. For deeper insights into CCC’s financial health (rated as "FAIR" with a score of 2.21) and additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro, which transforms complex Wall Street data into actionable intelligence for smarter investing decisions.
In other recent news, CCC Intelligent Solutions Holdings Inc. reported a 12% year-over-year increase in revenue for the second quarter of 2025, totaling $260.5 million. The company’s adjusted EBITDA reached $108 million, reflecting a 42% margin. These financial results highlight the company’s robust performance during this period. Additionally, CCC Intelligent Solutions announced an expanded integration with Opus IVS, enhancing advanced driver assistance systems (ADAS) capabilities within its CCC ONE platform. This integration aims to streamline the workflow for collision repair shops by allowing them to access Opus IVS’s ADAS Map calibration recommendations directly. In governance updates, board member Lauren Young has announced her intention to resign by the end of 2025. The company clarified that her departure is not due to any disputes with the board or the company’s policies. No successor has been announced yet.
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