Key Takeaways
- • Penske Automotive Group Inc. has agreed to be taken private by Motown Acquisition Corp., a group of private investment firms led by GTCR, according to Law360's weekly Taxation With Representation column.
- • GTCR-led investors are acquiring software firm CCC Intelligent Solutions Holdings Inc., per the same report.
- • A Steris PLC subsidiary is buying specialty surgical products business Xodus Medical Inc.
- • The column, dated October 16, 2026, is a weekly roundup of tax-focused legal developments in M&A and related deals, with law firms Freshfields and Morgan Lewis referenced in the headline.
Summary
Law360's weekly Taxation With Representation column, written by Zak Kostro and published October 16, 2026, highlights several transactions in the week's deal flow. The most significant is the agreement under which Penske Automotive Group Inc. will be taken private by Motown Acquisition Corp., a vehicle led by GTCR and composed of private investment firms. The take-private structure moves a publicly traded automotive retailer into private ownership.
The column also reports that a GTCR-led group of private investment firms is acquiring CCC Intelligent Solutions Holdings Inc., a software provider serving the automotive and insurance ecosystem. This transaction adds to GTCR's activity in the software sector, as reported in the same roundup.
Separately, a subsidiary of Steris PLC has agreed to buy Xodus Medical Inc., a business focused on specialty surgical products. The source excerpt does not provide transaction values, financing terms, or closing timelines for any of the three deals.
The excerpt available for this summary is limited to the opening paragraphs of the column, and the remainder is behind a paywall. Readers seeking tax analysis of these transactions, including structuring considerations and advisory roles for Freshfields and Morgan Lewis, should consult the full Law360 article.
The column also reports that a GTCR-led group of private investment firms is acquiring CCC Intelligent Solutions Holdings Inc., a software provider serving the automotive and insurance ecosystem. This transaction adds to GTCR's activity in the software sector, as reported in the same roundup.
Separately, a subsidiary of Steris PLC has agreed to buy Xodus Medical Inc., a business focused on specialty surgical products. The source excerpt does not provide transaction values, financing terms, or closing timelines for any of the three deals.
The excerpt available for this summary is limited to the opening paragraphs of the column, and the remainder is behind a paywall. Readers seeking tax analysis of these transactions, including structuring considerations and advisory roles for Freshfields and Morgan Lewis, should consult the full Law360 article.
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