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Permira, Warburg to buy Clearwater Analytics for $8.4 billion
Private equity firms Permira and Warburg Pincus will pay a nearly 40% premium to acquire Clearwater Analytics, taking it private in a deal valued at $8.2 billion.
- Dec 21, a group led by Permira and Warburg Pincus agreed to acquire Clearwater Analytics Holdings for about $8.2 billion, including debt, with the deal signed late on Saturday.
- Permira and Warburg Pincus previously owned Clearwater through its 2021 IPO, maintaining majority stakes and last week activist Starboard Value took a nearly 5 per cent stake amid undervaluation concerns.
- Minority investors including Francisco Partners and Temasek joined the deal, with JP Morgan, Goldman Sachs and PJT Partners advising.
- The agreement includes a 'go-shop' period ending Jan. 23, 2026, during which Clearwater may solicit alternative proposals, with a possible extension, and the deal is expected to close in the first half of 2026.
- Buyers cited plans to add AI-driven tools to improve portfolio insights, with Permira and Warburg Pincus effectively buying back a business they helped take public in 2021 at a $5.5 billion valuation.
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Stock Market Today, Dec. 22: Clearwater Analytics Surges on $8.4 Billion Take-Private Deal
Clearwater Analytics (NYSE:CWAN) shares closed Monday’s session at $24.06, up 8.13%. The SaaS solutions provider for investment data aggregation, reconciliation, accounting, and reporting rose on overnight news of a take-private deal. The company said it had entered a definitive agreement to be acquired by a group of private equity firms led by Permira and Warburg Pincus in an $8.4 billion all-cash deal. Clearwater Analytics IPO'ed in 2021 and h…
·Alexandria, United States
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Permira, Warburg to buy Clearwater Analytics for $8.4 billion
A group of private equity firms led by Permira and Warburg Pincus has clinched a deal to acquire investment and accounting software maker Clearwater Analytics Holdings for about $8.2 billion, including debt, two sources familiar with the matter said.
·United Kingdom
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Coverage Details
Total News Sources26
Leaning Left2Leaning Right3Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 20%
C 50%
R 30%
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