Investcorp completes sale of CCC Information Services Inc. to Leonard Green and Partners, L.P.
- Bahrain: Tuesday, January 15 - 2013 at 10:52
- PRESS RELEASE
Investcorp, a global provider and manager of alternative investment products, confirmed that it has successfully completed the sale of CCC Information Services to Leonard Green and Partners, L.P.
The CCC transaction closes out an active two months of exits for Investcorp in North America. Together with November's sale of FleetPride to TPG, Investcorp has generated over $1bn of investment sale proceeds.
Mohammed Al-Shroogi, President for Gulf Business at Investcorp, said, "The sale of CCC is another example of how Investcorp works closely with the management of its portfolio companies to drive expansion, product development and revenue growth. We are delighted with the results achieved by our corporate investment team over the last two months."
During the period of Investcorp's ownership since February 2006, CCC's EBITDA grew organically by over 50%.
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