CCC Information Services Inc. and Dragoneer Growth Opportunities Corp. (DGNR) Announce Business Combination

Go back to CCC Information Services Inc. and Dragoneer Growth Opportunities Corp. (DGNR) Announce Business Combination

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 E

February 3, 2021 8:02 AM EST

Transaction includes $150 million of fully committed common stock PIPE anchored by Fidelity Investments, T. Rowe Price and other premier SaaS investors, in addition to $175 million forward purchase agreement from Dragoneer funds and Michael Bloombergs family office, Willett Advisors

$968 million of expected net proceeds from transaction will be used to invest in CCCs 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... More