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Stock impact report

Advent in talks to buy Kereis from Bridgepoint [Yahoo! Finance]

CCC Intelligent Solutions Holdings Inc. (CCCS) 
Company Research Source: Yahoo! Finance
Terms of the potential deal remain undisclosed at this stage. The proposed acquisition is contingent on regulatory clearance and consultations with employees. Set up in 1991 with its headquarters in Paris, Kereis specialises in providing insurance broking services to insurers and banking partners. Kereis holds expertise in housing protection in France, overseeing more than 17 million contracts and supported by a workforce of more than 1,700 across seven European nations. Kereis CEO Philippe Gravier stated: “This project opens a promising new chapter for Kereis, after 5 years of a successful partnership with Bridgepoint. “We look forward to working closely with Advent as we continue to invest for the long term in our digital capabilities, expand into new markets, and deliver innovative solutions to our partners and clients across Western Europe.” Following the Bridgepoint partnering in 2020, Kereis has achieved a two-fold increase in revenue and has diversified into areas Show less Read more
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