CCC Information Services Inc. entered into a letter of intent to acquire Dragoneer Growth Opportunities Corp. (NYSE:DGNR) from Dragoneer Growth Opportunities Holdings and others for $7.5 billion in a reverse merger transaction on December 11, 2020. CCC Information Services Inc. entered into a business combination agreement to acquire Dragoneer Growth Opportunities Corp. (NYSE:DGNR) in a reverse merger transaction on February 2, 2021. Pursuant to the agreement, current shareholders of Dragoneer are converting their ordinary shares and warrants of Dragoneer into common stock and warrants of the CCC Information Services on a one for one basis. Upon completion, current shareholders of CCC Information Services are expected to own approximately 83.2% of the combined company. Concurrently, Dragoneer entered into subscription agreements. Pursuant to the Subscription Agreements, each investor agreed to subscribe for and purchase, and Dragoneer agreed to issue and sell to such investors, an aggregate of 15,000,000 shares of Dragoneer common stock for a purchase price of $10 per share, for aggregate gross proceeds of $150 million. Upon closing of the transaction, the combined company is expected to be renamed CCC Intelligent Solutions Holdings Inc. and is expected to be listed on the New York Stock Exchange. CCC's common stock and warrants are expected to be listed on the New York Stock Exchange under the ticker symbols “CCCS” and “CCCH,” respectively.

Upon completion, Githesh Ramamurthy will serve as Chief Executive Officer and Chairman, Brian Herb will serve as Executive Vice President, Chief Financial and Administrative Officer, Barrett Callaghan will serve as Executive Vice President of Markets and Customer Success, Mary Jo Prigge will serve as Executive Vice President of Chief Service Delivery Officer, Peter Morowski will serve as Executive Vice President and Chief Technology Officer, Marc Fredman will serve as Senior Vice President and Chief Strategy Officer and Shivani Govil will serve as Senior Vice President and Chief Product Officer of the combined company. In addition, Steven G. Puccinelli, William Ingram, David Yuan, Eileen Schloss, Teri Williams, Christopher Egan, Eric Wei and Lauren Young will serve as Directors of the combined company.

The transaction closing is subjected to the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, approval of Dragoneer's shareholders, approval of CCC's shareholders, the approval by the New York Stock Exchange of Dragoneer's initial listing application, the Registration Statement / Proxy Statement shall have become effective, after giving effect to the transactions contemplated hereby (including the Investor PIPE Financing), Dragoneer shall have at least $5,000,001 of net tangible assets and the satisfaction or waiver of certain other customary closing conditions. The boards of directors of both Dragoneer and CCC Information Services have approved the transaction. As of July 6, 2021, registration statement on Form S-4 has been declared effective by the U.S. Securities and Exchange Commission. Dragoneer's stockholders meeting to be held on July 29, 2021. As of July 29, 2021, Dragoneer Growth Opportunities' Stockholders approved the transaction. The transaction is expected to complete in second quarter of 2021. As of July 6, 2021, the transaction is expected to close on July 30, 2021. All cash proceeds from the transaction will be put towards the combined company's balance sheet, with no existing CCC Information Services shareholders selling any shares in connection with the business combination.

Thomas Holden and Jay Freedman of Ropes & Gray LLP acted as legal advisor to Dragoneer Growth Opportunities Corp. Evercore Group L.L.C. acted as financial advisor to CCC Information Services and Douglas Ryder, Willard S. Boothby, Christian O. Nagler, Ross Leff and Marsha Mogilevich of Kirkland & Ellis LLP acted as legal advisor to CCC Information Services and Advent. Morrow & Co., LLC acted as proxy solicitor to Dragoneer Growth Opportunities Corp. and will receive a fee of $0.035 million. Mark Zimkind of Continental Stock Transfer & Trust Company acted as transfer agent and J.P. Morgan acted as financial advisor to Dragoneer Growth Opportunities Corp.