Permira and Warburg Pincus-led investor group takes Clearwater Analytics private for $8.4bn
A Permira and Warburg Pincus-led investor group has completed its $8.4 billion take-private buyout of Clearwater Analytics, a Boise, Idaho-based accounting software maker. Clearwater stockholders received $24.55 per share in cash. Clearwater supports over $10 trillion in assets globally.
An investor group, primarily led by Permira and Warburg Pincus, has finalized the acquisition of Clearwater Analytics. This take-private deal for the Boise, Idaho-based accounting software company was valued at $8.4 billion. Clearwater Analytics specializes in providing accounting software. The company's services support a substantial amount of assets globally, exceeding $10 trillion. Its client base is diverse, including insurers, asset managers, hedge funds, banks, corporations, and governmental entities. Under the terms of this acquisition, Clearwater stockholders received $24.55 per share in cash for their holdings. This transaction highlights continued private equity interest in financial technology and software providers. The take-private nature of the deal suggests a strategic long-term view by the acquiring investor group, aiming to develop the company outside of public market pressures.