Secondary offering of 22M shares by Advent affiliates raises ~$230M for selling stockholders

CCC Intelligent Solutions Holdings Inc.

Affiliates of Advent International sold 22,000,000 shares of CCCS common stock in underwritten offering.
Gross proceeds to selling stockholders approx. $230.3 million; company received no proceeds.
Underwriting agreement dated Jan 3, 2024; offering closed Jan 8, 2024; lead underwriters J.P. Morgan, Barclays, Citigroup.
Underwriting agreement contains customary representations, warranties, and indemnification provisions.

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