Live Breaking News & Updates on Meghan Gavigan Nate Johnson

Stay updated with breaking news from Meghan gavigan nate johnson. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

CORRECTING and REPLACING CCC Information Services Inc. and Dragoneer Growth Opportunities Corp. Announce Business Combination, Creating Publicly Listed Leader Accelerating the Digital Transformation of the P&C Insurance Economy – Consumer Electronics Net


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 ....

Duck Creek , United States , San Francisco , Meghan Gavigan Nate Johnson , Githesh Ramamurthy , Eric Wei , Michael Bloomberg , Brian Denyeau , Fidelity Investments , Jp Morgan Securities , Franklin Templeton , Dragoneer Investment Group , Kirkland Ellis , Ropes Gray , Information Services Inc , Sard Verbinnen Co , Advent International , York Stock Exchange , Auto Injury Solutions Inc , Dragoneer Growth Opportunities Corp , Exchange Commission , T Rowe Price Associates Inc , Goldman Sachs Co , New York Stock Exchange , Citigroup Global Markets Inc , Dragoneer Growth Opportunity Corp ,