Advent International Amends 13D for CCC Intelligent Solutions Holdings

TL;DR

**Advent International just updated its stake in CCC Intelligent Solutions, signaling a potential shift in their investment.**

AI Summary

Advent International, L.P. filed an Amendment No. 3 to its Schedule 13D on January 8, 2024, regarding its ownership in CCC Intelligent Solutions Holdings Inc. This filing updates previous disclosures about Advent's beneficial ownership of CCC Intelligent Solutions' Common Stock, par value $0.0001 per share. This matters to investors because it provides transparency into the holdings of a significant institutional investor, potentially signaling their ongoing interest or changes in their investment strategy, which can influence market perception and stock performance.

Why It Matters

This filing provides an updated snapshot of a major institutional investor's stake, offering insights into their current position and potential future actions regarding CCC Intelligent Solutions Holdings Inc.

Risk Assessment

Risk Level: low — This is an informational filing updating ownership, not indicating any immediate negative or positive event for the company.

Analyst Insight

Investors should note that Advent International, a significant holder, is updating its position. While this filing itself doesn't detail specific changes in share count or intent, it signals ongoing engagement. Smart investors would monitor subsequent filings for more detailed changes in ownership percentages or stated intentions, as these could influence market sentiment.

Key Numbers

• 0001818201 — Central Index Key (CIK) (Unique identifier for CCC Intelligent Solutions Holdings Inc.)
• 12510Q 100 — CUSIP Number (Unique identification number for the Common Stock of CCC Intelligent Solutions Holdings Inc.)
• 005-91631 — SEC File Number (The SEC file number for CCC Intelligent Solutions Holdings Inc. under the 1934 Act.)

Key Players & Entities

• Advent International, L.P. (company) — the filing person and a significant investor in CCC Intelligent Solutions Holdings Inc.
• CCC Intelligent Solutions Holdings Inc. (company) — the subject company whose securities are being reported.
• Amanda McGrady Morrison (person) — General Counsel and Chief Legal Officer for Advent International, listed as a copy recipient.
• $0.0001 (dollar_amount) — par value per share of CCC Intelligent Solutions Holdings Inc. Common Stock.
• January 8, 2024 (date) — the date of the event which required the filing of this statement.

FAQ

Key Financial Figures

• $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securitie
• $10.47 — ares of Common Stock, respectively, for $10.47 per share (the "January 2024 Offering")

Filing Documents

• ef20018514_sc13da.htm (SC 13D/A) — 307KB
• ef20018514_ex99-1.htm (EX-99.1) — 29KB
• 0001140361-24-001726.txt ( ) — 338KB

of the Schedule 13D is hereby amended and restated as follows

Item 2 of the Schedule 13D is hereby amended and restated as follows: This Statement is being filed pursuant to Rule 13d-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), by the following entities (collectively, the "Reporting Persons" and each individually a "Reporting Person"): 1. ADVENT INTERNATIONAL, L.P. ("Advent"), a Delaware limited partnership; 2. Advent International GP, LLC ("Advent GP LLC"), a Delaware limited liability company; 3. Advent International GPE VIII, LLC ("Advent VIII GP"), a Delaware limited liability company; 4. Cypress Investor Holdings, L.P., a Delaware limited partnership ("Cypress Investor"); 5. GPE VIII CCC Co-Investment (Delaware) Limited Partnership, a Delaware limited partnership ("GPE VIII CCC Co-Investment"); 6. Advent International GPE VIII-C Limited Partnership, a limited partnership organized under the laws of Luxembourg ("Advent International VIII-C"); 7. Cypress Investment GP, LLC, a Delaware limited liability company ("Cypress GP"); 8. GPE VIII GP S..r.l, a corporation organized under the laws of Luxembourg ("Advent GP Luxembourg"); 9. GPE VIII GP Limited Partnership, a limited partnership organized under the laws of the Cayman Islands ("Advent GP Cayman"); Cypress Investor is beneficially owned by Advent International GPE VIII Limited Partnership ("Advent International VIII"), Advent International GPE VIII-A Limited Partnership ("Advent International VIII-A"), Advent International GPE VIII-B-1 Limited Partnership ("Advent International VIII-B-1"), Advent International GPE VIII-B-2 Limited Partnership ("Advent International VIII-B-2"), Advent International GPE VIII-B-3 Limited Partnership ("Advent International VIII-B-3"), Advent International GPE VIII-B Limited Partnership ("Advent International VIII-B"), Advent International GPE VIII-D Limited Partnership ("Advent International VIII-D"), Advent International GPE VIII-E Limited Partnership ("Advent International VIII-E"), Adven

of the Schedule 13D is hereby amended to include the following

Item 4 of the Schedule 13D is hereby amended to include the following: On January 8, 2024, Cypress Investor, GPE VIII CCC Co-Investment and Advent International VIII-C (collectively, the "Advent Funds") sold 16,137,703 shares, 510,399 shares and 5,351,898 shares of Common Stock, respectively, for $10.47 per share (the "January 2024 Offering"), pursuant to that certain Underwriting Agreement by and among the Advent Funds, the Issuer and the underwriters (the "January 2024 Underwriting Agreement"). In connection with the January 2024 Offering, the Advent Funds entered into customary "lock-up" agreements with the underwriters, dated January 3, 2024 (the "January 2024 Lock-up Agreements"), pursuant to which the Advent Funds generally agreed, subject to certain exceptions, not to sell, transfer, or otherwise dispose of any shares of Common Stock or securities convertible into, or exchangeable or exercisable for, shares of Common Stock, for 30 days after the date of the final prospectus relating to the January 2024 Offering without prior written consent from the underwriters. The foregoing descriptions of the January 2024 Underwriting Agreement and the January 2024 Lock-up Agreements do not purport to be complete and are qualified in their entirety by reference to the full text of the January 2024 Underwriting Agreement, a copy of which is attached as Exhibit 99.2, and a form of the January 2024 Lock-up Agreement attached as Exhibit A to the January 2024 Underwriting Agreement, both of which are incorporated by reference herein. Item 5. Interest in Securities of the Issuer

(a)-(c) of the Schedule 13D are hereby amended and restated as follows

Item 5(a)-(c) of the Schedule 13D are hereby amended and restated as follows: The information set forth or incorporated by reference in Items 2 and 6 of this Statement is incorporated by reference in this Item 5. (a) and (b) The responses of the Reporting Persons to rows (7) through (13) of the cover pages of this Schedule 13D are incorporated herein by reference. As of January 8, 2024, the Reporting Persons beneficially owned in the aggregate 263,753,649 shares of Common Stock, which represents approximately 43.8% of the outstanding shares (based on 602,568,628 shares of Common Stock of the Issuer outstanding as of January 8, 2024, as reported in the Issuer's prospectus supplement on Form 424(b)(3) filed with the Securities and Exchange Commission on January 5, 2024, the "Outstanding Shares"). The shares beneficially owned by the Reporting Persons were directly held as follows: 193,471,756 shares held directly by Cypress Investor, 6,119,048 shares directly held by Advent International VIII-C and 64,162,845 shares held directly by GPE VIII CCC Co-Investment. Cypress GP, as general partner of Cypress Investor, may be deemed to beneficially own the 193,471,756 shares held directly by Cypress Investor. Advent GP Luxembourg, as general partner of Advent International VIII-C, may be deemed to beneficially own the 6,119,048 shares held directly by Advent International VIII-C. Advent GP Cayman, as general partner of GPE VIII CCC Co-Investment, may be deemed to beneficially own the 64,162,845 shares held directly by GPE VIII CCC Co-Investment. Advent VIII GP, as manager of Advent GP Luxembourg and general partner of Advent GP Cayman, may be deemed to beneficially own the 70,281,893 shares held directly by Advent International VIII-C and GPE VIII CCC Co-Investment. Advent GP LLC, as general partner of Advent, and Advent, as manager of Advent VIII GP and managing member of Cypress GP, may each be deemed to beneficially own the 263,753,649 shares held directly by Cypress Inv

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