Advent International Gp, LLC

10% Owner Ai Alpine sold 103,500,000 INIO shares at $25.99, totaling $2,689,965,000.00, on day 1 of trading

Ai Alpine (Luxembourg) S.A.R.L., a 10% owner of INNIO N.V. (INIO), sold 103,500,000 shares at $25.99 for a total transaction value of $2,689,965,000.00, reducing its position from 750,000,000 shares to 646,500,000 shares — a net change of -13.8% vs pre-transaction holdings. Notably, this sale occurred on the stock's first trading day, while the current price as of 2026-06-05 stands at $32.22, meaning the sale was executed below that same-day market price. Ai Alpine retains a substantial stake of 646,500,000 shares post-transaction, indicating continued significant ownership despite the large-scale sale. The scale of this transaction — $2,689,965,000.00 in a single block — and its timing on the first trading day make it a notable supply event for investors to observe.

Advent International sold 37,342,526 shares (100% of holdings) at $7.76 totaling $289.9M; complete exit post-IPO

Advent International, a Director, executed three separate sales on 2025-11-07 totaling 37,342,526 shares for $289,856,421.06, reducing holdings from 37.34M shares to zero. This represents a complete and immediate exit of the entire position only 9 trading days after CCC's recent listing. The timing and completeness of the exit—liquidating every share held by the director—marks a significant capital deployment event for the PE-backed investor in a company with a market cap of $4.8B and currently trading at $7.46, slightly below the transaction price of $7.76.

ADVENT INTERNATIONAL sold 4,400,000 shares (4.40M) of FWRG at $17.67 on 2025-09-08 for $77,748,000.00 ($77.7M), reducing stake from 9,689,784 to 5,289,784 shares (-45.4%)

ADVENT INTERNATIONAL, a 10% owner, executed a substantial sale of 4,400,000 shares (4.40M shares), reducing holdings by -45.4% and cutting its stake to 5,289,784 shares (5.29M shares). The $77,748,000.00 ($77.7M) transaction occurred at $17.67, which is currently -20.5% from the 52-week high of $22.23, suggesting the insider disposed of shares during a period of elevated valuation relative to recent trading. The company's fundamentals present a mixed picture: annual revenue growth accelerated to +14.0%, yet profitability remains thin with net income of $2,106,000.00 ($2.1M) on revenue of $307,887,000.00 ($307.9M), yielding an elevated P/E of 252.57. Within this specific ticker, ADVENT's prior two measurable sales at FWRG (on 2025-08-08 and 2025-06-03) both saw the stock rise within 30 and 90 days, indicating historically poor sell timing at this company; this current transaction lacks any FLAG indicating scheduled disposition, so timing characteristics are analytically relevant. Investors should monitor whether this large reduction in the primary insider's stake signals material concerns about near-term valuation or growth sustainability.

10% owner Advent International sells 5,000,000 shares of FWRG for $88.5M, cutting stake by 34.0% to 9.69M shares

Advent International, a principal shareholder holding 10% of First Watch, executed a substantial equity reduction by selling 5,000,000 shares (5.00M shares) at $17.70 on 2025-08-08 for a total of $88,500,000.00 ($88.5M), reducing its position from 14,689,784 shares (14.69M shares) to 9,689,784 shares (9.69M shares). The sale occurred within the 52-week trading range ($13.30–$22.23) and 19.9% below the annual peak, though near recent momentum (+1.7% over 30 days, +2.5% over 90 days). Across Advent's broader cross-ticker transaction history, prior sells demonstrated a 92.31% well-timed rate over 90 days; however, at FWRG specifically, only 1 of 2 prior measurable sales (the 2024-11-13 trade) achieved a negative 90-day return, suggesting variable execution at this particular ticker. The underlying business context shows FWRG expanding revenue (+14.0% annual growth to $307,887,000.00 in the latest quarter) but with compressed profitability (net income of only $2,106,000.00, P/E of 254.29), which may reflect the strategic positioning behind a large holding-company reduction of scale.

Advent International sells 30,000,000 shares of CCCS for $296,145,000.01 at $9.87, reducing stake by -76.8%.

Advent International, as a director of CCC Intelligent Solutions, executed 3 separate sales totaling 30,000,000 shares (30.00M shares) for $296,145,000.01 at a blended average price of $9.87 on 2025-08-07, reducing holdings from 39,084,247 shares to 9,084,247 shares—a -76.8% net reduction in stake. The timing occurs as the stock trades at $9.52, down -25.3% from its 52-week high of $12.75, suggesting the insider is liquidating at depressed levels relative to the year's peak. Across Advent's same-ticker history at CCCS, prior sales on 2025-03-03 posted -15.0% 90-day returns and those on 2025-05-20 posted +3.7% 30-day returns, establishing a mixed pattern of execution timing at this specific holding. The massive reduction in position—from majority stakeholder to a much smaller shareholder—represents a material shift in governance-level commitment to the company, particularly given the elevated P/E of 952.00 and modest net income of $12,960,000.00 against revenue of $260,451,000.00.

10% owner ADVENT INTERNATIONAL divested 4,500,000 shares (4.50M) at $14.70 on 2025-06-03 for $66.2M, reducing stake by 23.4%.

ADVENT INTERNATIONAL's sale of 4,500,000 shares represents a material reduction in its stake from 19,189,784 to 14,689,784 shares, a 23.4% decrease in holdings. The transaction occurred at $14.70, and the stock has since declined to $14.92 current price, down 32.9% from its 52-week high of $22.23 and down 21.5% over the past 90 days. At the same ticker, ADVENT's prior four sales showed a 75% well-timed rate at the 90-day mark (3 of 4 prior sells preceded declines), suggesting a pattern of timing exits before downturns. Against fundamentals showing negative net income of $-829,000 despite 14.0% annual revenue growth and a stretched P/E of 82.89, the scale and timing of this divestiture warrant close investor attention to the underlying operational trajectory.

Advent International sold 30,000,000 shares for $272.4M (blended $9.08) on 2025-05-20, reducing stake to 16.38M shares (-64.7%).

Advent International divested a substantial majority stake in CCCS through 3 separate sales totaling 30,000,000 shares for $272,400,000.00 at $9.08 per share, cutting its holdings from 46.38M to 16.38M shares. The sale occurred at a price 3.2% above the current market price of $8.80, and notably the stock is trading -31.0% from its 52-week high of $12.75. Advent's prior trades at this ticker show strong timing discipline: 2 of 2 prior measurable 90-day outcomes were well-timed sells, with negative 90-day returns (-9.2% and -1.5%), suggesting the firm has historically exited CCCS positions ahead of weakness. The fundamental backdrop includes negative net income of -$17.4M on revenue of $251.6M, and a stretched P/E of 440.00, which creates a backdrop of deteriorating profitability despite +9.0% annual revenue growth. The scale and execution of this multi-tranche disposal signal a material shift in Advent's commitment to the company.

Advent International sells 42,000,000 shares ($433.6M) at $10.32; stock now $9.66, down 24.2% from 52-week high

Advent International, a director of CCCS, executed three separate sales totaling 42,000,000 shares (42.00M shares) for $433,650,000.00 ($433.6M) at $10.32 on 2025-03-03, reducing its holding by 63.9% from 65,680,335 to 23,680,335 shares. The transaction occurred at prices materially above the current market price of $9.66 and well above the stock's current 52-week trough, suggesting execution during a relative strength window. The sale follows a strong pattern in Advent's same-ticker history: all 5 prior CCCS sales were well-timed at the 90-day mark, with the most recent pair (2024-07-01) realizing -9.2% 30-day and -1.5% 90-day returns, consistent with a pattern of selling ahead of subsequent weakness. The broad-based reduction in exposure warrants monitoring of the company's forward guidance and capital allocation context, especially given the stock's subsequent 30-day decline of -13.0% and 90-day decline of -24.2% post-transaction.

10% Owner Advent Partners sold 8,000,000 shares (29.4% of holdings) for $158.1M at $19.76 on 2024-11-13

Advent Partners GPE VIII Limited Partnership, a 10% owner, executed a substantial reduction of its FWRG stake, selling 8,000,000 shares for $158,080,000.00 and retaining 19,189,784 shares. The sale occurred at $19.76, a price 8.5% above the current market price of $18.22 and notably above the 52-week low of $13.30, though 28.6% below the 52-week high of $25.52. The company's fundamentals show annual revenue growth of 22.1% and a quarterly revenue of $251,609,000.00, but profitability remains thin with net income of $2,112,000.00 and a P/E ratio of 42.37. This large single transaction by a major institutional holder reduces their exposure by 29.4% and warrants attention to the underlying reasons for such a meaningful portfolio reduction during a period when the stock has recovered 10.3% over 90 days and 21.7% over 30 days.

Director Advent International sold 24.97M shares ($282.2M) at $11.30, reducing stake by 42.4% to 33.90M shares

Advent International, a director of CCCS, executed 3 separate sales totaling 24,973,795 shares for $282,178,909.70 on 2024-07-01, representing a -42.4% reduction in holdings. The sales occurred at $11.30 per share against a current price of $11.10, and the stock has declined 5.0% over 90 days and 16.8% from its 52-week high of $13.35. This represents a substantial portfolio reduction by a major holder at a point where the company remains unprofitable (net income $-597,000 in the latest quarter) despite 10.7% revenue growth. The selling pattern mirrors prior sales at CCCS in April and May 2024, though measurable post-trade performance data remains incomplete for those earlier transactions, limiting ability to assess whether the director's sales have been well-timed at this ticker.