Clearwater Analytics acquired by private equity group for $8.4bn

Written by Michael Griffiths

22/12/2025

A group of private equity firms led by Permira and Warburg Pincus has agreed a deal valued at $8.4bn to acquire Clearwater Analytics.

Clearwater stockholders will receive $24.55 per share in cash upon the deal’s completion.

Following a process that included engaging with strategics and financial sponsors, Clearwater’s board of directors unanimously recommended the transaction from the investor group, which also contains support from Francisco Partners.

Clearwater, whose software provides automated investment accounting, performance, compliance and risk reporting, confirmed the deal will close in the first half of 2026, subject to customary closing conditions and the receipt of regulatory approvals.

CEO at Clearwater, Sandeep Sahai, said: “This deal represents a great outcome for Clearwater and our stockholders. It also positions us well for our next chapter of growth.

“Operating as a private company will empower us to invest boldly as we integrate the platforms 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 our unique and proprietary database.

“This will allow us to continue delighting our clients across global markets. We are thrilled to have the support of Permira and Warburg Pincus. Both firms understand our business and the technology industry and have proven track records fostering growth for some of the largest and fastest-growing technology businesses globally.”

Warburg Pincus managing director, Alex Stratoudakis, said: “Clearwater continues to set the standard for excellence in the industry, and we are excited to invest behind the vision of creating an open, modular, front-to-back platform for institutional investment management.”

Managing director at Permira, Alberto Riva, added: “We are very excited to back Sandeep and his team on their AI journey and in delivering a seamlessly integrated platform.”

Related Articles