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Elliott Investment Management Builds Stake in CCC Insurance Software Firm
Elliott Investment Management has acquired a large position in CCC, a provider of car-insurance software that has been exploring a sale. The move was reported by sources familiar with the matter.
Jul 10, 6:32 PM·1m read2 sources
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Elliott Investment Management has taken a large stake in CCC, a company that supplies software used by car insurers. The firm has been exploring a potential sale, according to sources.
Background on the Companies CCC provides technology platforms that process insurance claims and vehicle valuations. Elliott Investment Management is an activist investor that has previously taken positions in other technology and services businesses.
No public statements have been issued by either company regarding the stake or any sale process. Further developments, if any, would be disclosed through regulatory filings.
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CorroborationLimited · 2 sources
