Investcorp Reaps $550M Through Insurance Software Co. Sale

Law360, New York (January 15, 2013, 4:11 PM EST) -- Bahraini investment firm Investcorp SA will bring in more than $550 million in proceeds from the sale of auto insurance software company CCC Information Services Inc. to Los Angeles private equity firm Leonard Green & Partners LP, Investcorp said Tuesday.

The firms did not spell out the transaction’s financial terms, but when it announced the purchase in late November, Leonard Green said it would back its purchase using debt financing provided by Goldman Sachs & Co. affiliates and JPMorgan Chase & Co. The deal has been...
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