Kirkland & Ellis is advising CCC Intelligent Solutions Inc., a leading cloud platform provider powering the property and casualty insurance economy and a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), on the proposed acquisition of EvolutionIQ, Inc., the leading platform for AI-powered guidance for disability and injury claims management, for a purchase price of $730M to be paid for with a combination of approximately 40% CCCS common stock and 60% cash. A definitive agreement was announced December 20, 2024. The acquisition will expand CCC’s market reach into strategic adjacencies and strengthens its industry leading AI-powered SaaS platform through the addition of transformative AI capabilities that will work to revolutionize how insurance claims are resolved.
The Kirkland team includes corporate lawyers Will Boothby, Michael Chung and Doug Ryder; and capital markets lawyer Ross Leff.
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