US-based Clearwater Analytics has completed its take-private acquisition by a Permira and Warburg Pincus-led investor group in a transaction valued at approximately $8.4bn.
The acquisition, first disclosed in December 2025, also had backing from Francisco Partners, while Temasek took part in the investor group
As part of the agreement, Clearwater shareholders were paid $24.55 a share in cash. Following the completion of the transaction, Clearwater’s Class A common stock has been delisted from the New York Stock Exchange. The company said the process was reviewed by a special committee made up of independent and disinterested members of Clearwater’s board, which unanimously recommended the deal.
It was then approved by the full board and by shareholders, including a majority of votes cast by disinterested shareholders. Clearwater provides services to institutional investors managing more than $10tn in assets worldwide. The company said the change in ownership would allow it to step up investment in its AI road map and next-generation platform as a privately held business.