Dragoneer-SPAC Merger with CCC Information Services
February 3, 2021
Dragoneer Growth Opportunities Corp. has entered into a definitive business combination with CCC Information Services Inc., creating CCC Intelligent Solutions Holdings Inc. The transaction will take CCC public via the SPAC, provide approximately $968 million of net proceeds (assuming no redemptions), and is intended to accelerate CCC's product innovation and growth in the P&C insurance economy.
- Buyers
- Dragoneer Growth Opportunities Corp., Dragoneer Investment Group (affiliate)
- Targets
- CCC Information Services Inc.
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Transaction Type
- Buyout
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