Clearwater Analytics, a US-based investment management platform, has entered into a definitive agreement to be acquired in a deal valued at around $8.4 billion.
The transaction is being led by a consortium of private equity firms, headed by London-based VC firm Permira and Warburg Pincus, with additional participation from Temasek and Francisco Partners.
Per the terms of the agreement, Clearwater stockholders will receive $24.55 per share in cash, representing a 47% premium over the company’s undisturbed share price as of 10 November 2025.
The agreement includes a “go-shop” period ending on 23 January 2026, during which Clearwater will be allowed to “actively solicit and evaluate alternative acquisition proposals, with a potential 10-day extension for certain parties that submit acquisition proposals during the initial go-shop period”, according to a company statement.
Clearwater is set to become a privately held company following the completion of the transaction, which is expected to finalise in H1 2026, subject to customary closing conditions. As a result, its common stock will be removed from the New York Stock Exchange, where it has been listed since its 2021 initial public offering, during which the company achieved a valuation of more than $5 billion.
CEO Sandeep Sahai states that operating as a private company will enable Clearwater to “invest boldly” as the firm looks to “deliver a next-generation front-to-back solution that natively addresses alternative assets, provides industry leading risk analytics, and delivers on agentic solutions” powered by the company’s proprietary database.
Supporting over $10 trillion in assets, Clearwater’s cloud-native platform offers real-time data and AI-driven insights for global institutional investors. The company claims its platform “eliminates information silos” across the investment lifecycle by integrating regulatory reporting, risk analytics, investment accounting, reconciliation, portfolio management, trading, and compliance services across a single system.
Earlier this year, Clearwater expanded its capabilities through a series of strategic acquisitions. In January, it acquired Enfusion, a fellow SaaS investment management platform, for $1.5 billion. Just months later, it snapped up Beacon, a capital markets developer platform, and Bistro, Blackstone’s portfolio visualisation software, in deals totalling $685 million.
Source: https://www.fintechfutures.com/
