New Mountain Capital Partners with Donan to Acquire Majority Stake in CCG IQ
December 16, 2021
Donan and CCG IQ have combined to create a unified claims intelligence and forensic engineering platform and have partnered with private equity firm New Mountain Capital, which acquired a majority stake in the combined business. Carousel Capital, CCG IQ's first institutional investor, completed a majority exit but will remain a significant minority investor; the combined company will be headquartered in Louisville, Kentucky and Charlotte, North Carolina and employ more than 500 people.
- Buyers
- New Mountain Capital, Donan
- Targets
- CCG IQ
- Sellers
- Carousel Capital
- Industry
- Insurance
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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