Clearwater Analytics (US:CWAN) Zhi Tong Cai Jing·2025-12-22 00:49Group 1 - A consortium of private equity firms led by Permira and Warburg Pincus has agreed to acquire Clearwater Analytics Holdings Inc. for an enterprise value of $8.4 billion, including debt [1] - Clearwater's shareholders will receive $24.55 per share in cash, representing a 10% premium over the last closing price and a 47% premium compared to the stock price before acquisition talks were reported [1] - The deal is expected to close in the first half of 2026, with a "go-shop" period until January 23, during which Clearwater can consider competing offers [1] Group 2 - Clearwater, founded in 2004 and based in Boise, Idaho, provides software primarily for financial services and reported a 77% year-over-year revenue growth in Q3, reaching $205 million [2] - The company completed the acquisition of Enfusion Inc., a SaaS provider for asset management and hedge funds, for approximately $1.5 billion in April [2] - Activist investor Starboard Value holds nearly 5% of Clearwater and is advocating for a robust sale process in light of potential buyer interest [2] Group 3 - Permira and Warburg Pincus have been active buyers and sellers in recent months, with Permira announcing the sale of Boats Group to General Atlantic and CPP Investments [3] - Warburg Pincus led a consortium to acquire ECN Capital Corp. for approximately CAD 1.9 billion (USD 1.4 billion, including debt) in November [3]