Kirkland & Ellis LLP advised Advent International (“Advent”), a global investment firm, on its acquisition of CCC Information Services Inc. (“CCC”), a leading Software as a Service provider to the automotive, insurance, and collision repair industries. Advent will purchase equity assets from CCC’s previous owners Leonard Green & Partners (“LGP”), a leading private equity investment firm, and Texas Pacific Group (“TPG”), a leading global alternative asset firm. Terms of the transaction were not disclosed. The transaction is expected to close in the second quarter of 2017. The full release is available here.
The Kirkland team was led by corporate partners Jeffery Seifman, Douglas Ryder and Joshua Soszynski and associates Romain Dambre, Zach Dann and Michael Marcantonio; debt finance partners Jay Ptashek, Nicholas Schwartz and Lindsay Flora and associates Jack Schinasi and Caroline Epstein; and tax partner Russell Light.