Permira and Warburg Pincus have agreed to acquire Clearwater Analytics Holdings in a take-private transaction valued at approximately $8.4 billion, including debt. The deal will give Clearwater shareholders $24.55 per share in cash, a roughly 47% premium over its pre-speculation stock price. The transaction, approved by Clearwater’s Board, is expected to close in the first half of 2026, subject to shareholder and regulatory approvals. Clearwater provides investment and accounting software that helps asset managers, insurers, and pension funds manage investment data, performance, and risk reporting. Both firms previously backed Clearwater, and private ownership should speed product development and acquisition integration.
CEO Sandeep Sahai said the transaction “will position the company to accelerate innovation, particularly as it integrates recent acquisitions and expands solutions for institutional clients.” The deal also includes participation from Temasek and Francisco Partners and features a “go-shop” period allowing Clearwater to explore alternative bids. Analysts note that while the premium is significant, it may be conservative given the company’s growth and market position.
