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Personal fairness agency Bain is evaluating a possible takeover of automobile insurance coverage software program vendor CCC Clever Options (NASDAQ:CCCS).
Bain is one in every of a number of suitors which have expressed curiosity within the CCC Clever (CCCS), which is backed by PE agency Creation Worldwide, in response to a Bloomberg report on Thursday, which cited acquainted folks accustomed to the matter. No ultimate determination has been made and Bain might resolve towards its pursuit of the Chicago-based firm.
The report comes after CCC (CCCS) shares rose 4% final Monday after a Reuters report that Creation, which has a 56% stake within the firm, was exploring a sale of the corporate. CCC has a market cap of $7.7 billion.
Creation agreed to take CCC public by way of a SPAC deal in February 2021.
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