Clearwater Analytics Agrees to $8.4 Billion Take-Private Deal Led by Permira and Warburg Pincus
Clearwater Analytics (CWAN) has entered into a definitive agreement to be acquired by a consortium led by Permira and Warburg Pincus in an $8.4 billion take-private transaction. Shareholders will receive $24.55 per share in cash, representing a 47% premium over the November 10 closing price. The deal, which includes participation from Temasek and Francisco Partners, has been approved by Clearwater's board following a special committee review.
The stock surged 7.3% to $23.88 in premarket trading following the announcement, reflecting market approval of the premium valuation. The transaction is expected to close in the first half of 2026, pending shareholder approval. This MOVE underscores the continued appetite of private equity firms for profitable fintech platforms with recurring revenue models.