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.
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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.
Clearwater Analytics CEO Sandeep Sahai said: “We have built Clearwater on a conviction that most of the industry thought was too ambitious: that investment teams deserve a single, real-time view of everything they own, every asset, every day, across every market. Innovation and disruption have been the key drivers of growth for over a decade.
“Our clients depend upon us to be stewards of the platform they use, and our investments will ensure that they remain at the forefront of technological innovation for running their business.”
