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CCC Information Services Inc. has announced that the private equity firm Leonard Green & Partners has entered into a definitive agreement to acquire a controlling interest in the company from Investcorp. Terms of the transaction were not disclosed.
“We’re very excited about the opportunities ahead and the chance to partner with Leonard Green. They have an impressive stable of companies and a tremendous track record of helping those companies grow,” said Githesh Ramamurthy, chairman & CEO of CCC.
“We love companies with strong business models, leading market positions and proven management teams,” said John Danhakl, managing partner at Leonard Green. “CCC has built a fantastic business by relentlessly focusing on value added solutions for their customers. They have a compelling view of the future, and we look forward to working with the team to help grow and expand in innovative ways.”