The acquisition of Clearwater Analytics (CWAN) by an investor group led by Permira and Warburg Pincus has been completed in a transaction valued at approximately $8.4 billion.
Clearwater stockholders were paid $24.55 per share in cash as part of the agreement. This price reflects a premium of approximately 47% compared to the company’s undisturbed share price on November 10, 2025, which was the final trading day before the deal was announced.
Following the close of the transaction, which included backing from Francisco Partners and involvement from Temasek, the company’s Class A common stock has been delisted from the New York Stock Exchange.
The transaction followed a thorough review process overseen by a Special Committee of independent and disinterested members of the Clearwater Board of Directors, which unanimously recommended approval of the transaction.
Sandeep Sahai, CEO at Clearwater Analytics, stated: “We have built Clearwater on a conviction that most of the industry thought was too ambitious: that investment teams deserve a single, real-time view of everything they own, every asset, every day, across every market. Innovation and disruption have been the key drivers of growth for over a decade.
“Our ability to focus on scaling our current platform while building a Gen AI agentic platform is meaningfully enhanced by going private. Our clients depend upon us to be stewards of the platform they use, and our investments will ensure that they remain at the forefront of technological innovation for running their business.”
The transaction positions Clearwater to accelerate investment in its AI roadmap and next-generation platform.
By leveraging its comprehensive data foundation and the support of Permira and Warburg Pincus, Clearwater will operate as a private entity with increase flexibility, a move that allows the company to enhance its agentic capabilities for institutional investors managing over $10 trillion in global assets.
