Exclusive: Advent explores sale of car insurance software vendor CCC

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  • Exclusive: Advent explores sale of car insurance software vendor CCC

Sept 15 (Reuters) – Private equity firm Advent International is exploring a sale of CCC Intelligent Solutions Holdings Inc (CCCS.O), a provider of software to the car insurance industry that has a market value of $7.1 billion, people familiar with the matter said on Friday.

Investment bank Morgan Stanley (MS.N) is advising CCC on its talks with potential acquirers, which include other buyout firms, the sources said, adding that no deal is certain.

CCC representatives did not…

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