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Clearwater Analytics to Go Private in $8.4B Deal
22 Dec
Summary
- Permira and Warburg Pincus will acquire Clearwater for $8.4 billion.
- The acquisition offers a 47% premium on Clearwater's share price.
- A 'go-shop' period allows Clearwater to seek other proposals until January 2026.
Private equity giants Permira and Warburg Pincus have reached an agreement to acquire investment and accounting software specialist Clearwater Analytics for an estimated $8.4 billion. This significant deal, which includes existing debt, was announced on Sunday. The acquisition price of $24.55 per share in cash provides a substantial 47% premium over Clearwater's share value noted before sale reports surfaced.
The transaction brings in other minority investors, including Francisco Partners and Temasek, underscoring broad backing for the deal. Clearwater's CEO expressed confidence, noting the acquirers' deep understanding of the technology sector and their history of fostering growth in major tech companies. The deal structure permits a 'go-shop' phase until January 23, 2026.
During this 'go-shop' period, Clearwater has the opportunity to solicit and evaluate competing acquisition proposals, with a potential for a 10-day extension for specific bidders. The acquisition is slated for completion in the first half of 2026, at which point Clearwater Analytics will operate as a privately held entity, moving away from public market trading.
