Investcorp gets financing commitment from JPMorgan, Wachovia, Goldman for CCC LBO

By Sara Rosenberg

New York, Sept. 22 - Investcorp has received a financing commitment from JPMorgan, Wachovia and Goldman Sachs to help fund its leveraged buyout of CCC Information Services Group Inc., a company spokesman told Prospect News on Thursday.

Under the terms of the agreement, CCC stockholders will receive $26.50 in cash for each share of CCC stock for a fully diluted equity value of about $495 million.

The transaction is expected to close during the fourth quarter, subject to stockholders approval and the expiration of the applicable waiting period under the Hart-Scott-Rodino Act.

CCC is a Chicago-based supplier of advanced software, communications systems, internet and wireless-enabled technology products to the automotive claims and collision repair industries.

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