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CCC Information to Go Public via $7B SPAC Deal with Dragoneer Growth


CCC Information shareholders would own about 83.2% of the company upon completing the deal.
Insurance IT firm CCC Information Services is planning to go public through a merger with blank-check firm Dragoneer Growth Opportunities Corp (NYSE: DGNR.UT). CCC Information Services provides data and technology to auto and insurance firms. As stated on the company’s website, about 300 US insurers use its services. Dragoneer Growth Opportunities Corp, on the other hand, is sponsored by Dragoneer Investment Group, a growth-oriented investment firm based in San Francisco.
CCC Information’s SPAC Deal
According to a Reuters report, the deal between CCC Information Services and Dragoneer Growth Opportunities Corp valued the data and technology provider at about $7 billion. The report noted other benefits CCC Information could enjoy from the deal. Reuters said that CCC Information is expected to raise $968 million from the deal. Also, the company should secure an investment of ....

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