Catenaa, Monday, December 22, 2025- Clearwater Analytics Holdings is acquired by a group of private equity firms led by Permira and Warburg Pincus for about $8.4 billion.
The parties issued a joint statement on Sunday, stating that Permira and Warburg Pincus have agreed to take Clearwater private for $24.55 per share in cash.
The deal price offers a premium of 47% on Clearwater’s share price of $16.69 on November 10, before news reports of a potential sale.
Clearwater Analytics Holdings stock rose 8% on Monday; however, the stock is down by over 12% so far this year.
The deal, announced on Sunday, includes participation from several minority investors, including Francisco Partners and Temasek.
“Both firms understand our business and the technology industry and have proven track records fostering growth for some of the largest and fastest-growing technology businesses globally,” Clearwater CEO Sandeep Sahai said.
The deal provides for a “go-shop” period ending January 23, 2026, during which Clearwater may solicit and evaluate alternative acquisition proposals, with a possible 10-day extension for certain bidders.
The transaction is expected to be completed in the first half of 2026, after which the investment and accounting software maker will become a privately held company.
Based in Boise, Idaho, Clearwater makes software that helps companies manage their investment portfolios.
The company operates a single, multi-tenant cloud platform that aggregates portfolio data and performs complex accounting and analytics in one place.
That structure allows for integration of AI-driven tools to generate more precise, on-demand insights into their portfolios, improving reporting and client service.
Clearwater, which went public in 2021 at a valuation of $5.5 billion, had a market capitalization of around $6.5 billion as of Sunday, according to LSEG data.
Permira and Warburg Pincus remained majority owners of Clearwater through the 2021 IPO and reduced their stake over time, including by selling certain share classes.
