Clearwater Analytics taken private in $8.4bn investor-led deal
Summary
Clearwater Analytics has been taken private in an investor-led deal valued at about $8.4 billion. Permira and Warburg Pincus led the transaction, with backing from Francisco Partners and Temasek. Clearwater shareholders received $24.55 per share in cash, and the company’s Class A stock was delisted from the New York Stock Exchange. Clearwater says private ownership will let it invest more aggressively in its AI roadmap and next-generation platform. The company serves institutional investors that manage more than $10 trillion in assets worldwide.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Financial Software
Investment Accounting Software
Asset Management Software
Linked Companies
Clearwater Analytics
$250M to $500M