A private equity consortium led by Permira and Warburg Pincus reached an agreement to buy Clearwater Analytics Holdings (CWAN), valuing the investment and accounting software provider at about $8.4 billion, including debt.
Under the deal, Clearwater (CWAN) shareholders will
Permira and Warburg Pincus, joined by Temasek and Francisco Partners, agreed to acquire Clearwater at $24.55 per share, valuing the company including debt at $8.4 billion, with a go-shop provision and expected closing in the first half of 2026.
Clearwater posted strong third-quarter results with a 77% revenue increase to $205 million and an 84% rise in adjusted EBITDA to about $71 million year over year.
Shareholder Starboard Value, holding nearly 5%, urged Clearwater to pursue a broad sale process if acquisition interest appeared, influencing the decision to seek buyers.
