gorodenkoff/iStock via Getty Images
Private equity firm Bain is evaluating a potential takeover of car insurance software vendor CCC Intelligent Solutions (NASDAQ:CCCS).
Bain is one of several suitors that have expressed interest in the CCC Intelligent (CCCS), which is backed by PE firm Advent International, according to a Bloomberg report on Thursday, which cited familiar people familiar with the matter. No final decision has been made and Bain could decide against its pursuit of the Chicago-based company.
The report comes after CCC (CCCS) shares rose 4% last Monday after a Reuters report that Advent, which has a 56% stake in the company, was exploring a sale of the company. CCC has a market cap of $7.7 billion.
Advent agreed to take CCC public through a SPAC deal in February 2021.
