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SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Dragoneer Growth Opportunities Corp. Merger
February 04, 2021 11:44 ET | Source: Rigrodsky Law, P.A Rigrodsky Law, P.A Wilmington, Delaware, UNITED STATES
WILMINGTON, Del., Feb. 04, 2021 (GLOBE NEWSWIRE) Rigrodsky Law, P.A. announces that it is investigating Dragoneer Growth Opportunities Corp. (“Dragoneer”) (NYSE: DGNR) regarding possible breaches of fiduciary duties and other violations of law related to Dragoneer’s agreement to merge with CCC Information Services Inc.
To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-dragoneer-growth-opportunities-corp.
You may also contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or info@rl-legal.com.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Dragoneer Growth .
Rigrodsky Law, P.AFebruary 4, 2021 GMT
WILMINGTON, Del., Feb. 04, 2021 (GLOBE NEWSWIRE) Rigrodsky Law, P.A. announces that it is investigating Dragoneer Growth Opportunities Corp. (“Dragoneer”) (NYSE: DGNR ) regarding possible breaches of fiduciary duties and other violations of law related to Dragoneer’s agreement to merge with CCC Information Services Inc.
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To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-dragoneer-growth-opportunities-corp.
You may also contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or info@rl-legal.com.
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Insurance Software Co. Valued At $7B In Go-Public Deal
Law360 (February 3, 2021, 10:45 AM EST) Private equity-backed auto insurance software company CCC Information Services, guided by Kirkland & Ellis, will go public by merging with a Ropes & Gray-advised special purpose acquisition company at a roughly $7 billion valuation, the companies said Wednesday.
The deal sees Chicago-headquartered CCC Information Services Inc. combining with San Francisco-based SPAC Dragoneer Growth Opportunities Corp., with the resulting entity being renamed CCC Intelligent Solutions Holdings Inc. and trading on the New York Stock Exchange, according to a statement. The deal values CCC at about $7 billion, including debt.
2 months ago
Transaction includes $150 million of fully committed common stock PIPE with participation by Fidelity Investments, funds and accounts advised by T. Rowe Price Associates, Inc. and other investors, in addition to $175 million forward purchase agreement from Dragoneer funds and Michael Bloomberg’s family office, Willett Advisors
$968 million of expected net proceeds from transaction will be used to invest in CCC’s growth initiatives and for general corporate purposes
Advent International will remain the majority shareholder and be closely aligned with Dragoneer and public shareholders at transaction close
Company expected to be listed on the NYSE upon completion of the combination in the second quarter of 2021