Clearwater Analytics (NYSE: CWAN) has announced that it will be acquired in a transaction valued at approximately $8.4 billion by a Permiria and Warburg Pincus-led investor group, with participation from Temasek. The stockholders are set to receive $24.55 per share in cash upon completion of the proposed transaction, representing a premium of approximately 47 percent over CWAN’s undisturbed share price as of November 10, 2025.
Sandeep Sahai, CEO of CWAN, expressed that the deal represents a great outcome for the company and its stockholders, positioning them well for the next chapter of growth. The acquisition is subject to approval by CWAN’s stockholders and is expected to close in the first half of 2026.
Clearwater Analytics, which supports over $10 trillion in assets globally, serves leading insurers, asset managers, hedge funds, banks, corporations, and governments. The company's single-instance, multi-tenant architecture delivers real-time data and AI-driven insights throughout the investment lifecycle.
Permira, a global investment firm, has previously supported and helped scale some of the largest and fastest-growing technology businesses globally, including Genesys, TeamViewer, Zendesk, McAfee, and others.
Upon completion of the transaction, CWAN’s common stock will no longer be publicly listed on the New York Stock Exchange, and the company will become a privately held entity. The merger agreement provides for a “go-shop” period ending on January 23, 2026, during which CWAN will be permitted to actively solicit and evaluate alternative acquisition proposals. Today the company's shares have moved 2.69% to a price of $22.55. For more information, read the company's full 8-K submission here.
