In the United States, US$95 billion is spent each year on servicing claims following accidents or damage to the 225 million vehicles that drive on US roads. Insurance companies, collision repair facilities and independent appraisers need services to help them manage these claims effectively. CCC provides them with vital software and information that helps them estimate claim costs and communicate better. This ensures that claims are processed and settled cost effectively, efficiently and fairly for the insurance company, repairer and customer.

Opportunities to make private equity investments in CCC are currently being offered to a select group of Investcorp's institutional and individual investors in the region.

Established in 1983, with its headquarters in Chicago in the United States, CCC is undisputed market leader in its field. Its products all have high market penetration with, in some cases, market shares of 80%. It has a customer base that is unrivalled by its competitors and includes eight out of the top ten insurance companies and the 21,000 collision repair facilities that represented 48% of industry revenue in 2005.

Investcorp Chief Operating Officer, Gary Long, said: 'CCC is the undisputed market leader. Customers come to CCC, as it is the only player in its industry that can give them a bundle of integrated services. We estimate that its products could potentially be put to work by 40% of the market: that's US$ 40 billion worth of claims per year. This market also has high barriers to entry.

Investcorp is a global investment group with offices in the Kingdom of Bahrain, New York and London. The firm has four lines of business: private equity investment, real estate investment, hedge funds and venture capital. Established in 1982, it now manages total investments in alternative assets of around $9.5 billion.

In Europe, Investcorp and its clients currently own corporate investments that include Polyconcept, the European leader in the development and distribution of promotional gifts; and European leading parking management company APCOA. In the United States, Investcorp and its clients currently own corporate investments that include American Tire, a leading national distributor of tires to the replacement tire market and Source Media, provider of multimedia information to professionals in the banking, financial services and related technology markets.

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