Clearwater Analytics completed $8.4 billion take-private acquisition by Permira and Warburg Pincus
Clearwater Analytics Holdings completed its acquisition by a Permira and Warburg Pincus-led consortium on June 25, 2026, with stockholders receiving $24.55 per share in cash. The transaction, valued at approximately $8.4 billion in total equity consideration, was funded by approximately $5.7 billion in equity investments from the consortium and approximately $2.7 billion in debt financing. Clearwater is now a wholly owned subsidiary of parent GT Silver BidCo, Inc., and its Class A common stock has been delisted from the NYSE.
Key facts
- Merger consideration: $24.55 per share in cash
- Total equity consideration: approximately $7.4 billion
- Equity financing: approximately $5.7 billion from Permira, Warburg Pincus, Francisco Partners, and Temasek
- Debt financing: approximately $2.7 billion
- Senior secured term loan facility: $2,700,000,000
- Senior secured delayed draw term loan facility: $500,000,000
- Senior secured revolving credit facility: $325,000,000
- Closing date: June 25, 2026
- Premium over undisturbed share price (Nov. 10, 2025): approximately 47%
- Assets under management supported: over $10 trillion globally
Why it matters
Clearwater transitions from public to private ownership, enabling accelerated investment in AI and platform development while the consortium gains control of a comprehensive cloud-native platform serving institutional investors managing over $10 trillion in assets globally.
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Derived from 8-K filed 2026-06-25. Not investment advice. View the source filing on SEC.gov →