Clearwater Analytics (NYSE: CWAN) is set to be acquired for approximately $8.4 billion by a group led by Permira and Warburg Pincus.
Stockholders will receive $24.55 per share in cash upon completion of the transaction.
The acquisition is expected to drive growth and innovation in the financial technology sector.
Acquisition Deal Value
The acquisition is valued at approximately $8.4 billion, offering stockholders $24.55 per share.
Strategic Investor Group
The acquisition is led by Permira and Warburg Pincus with support from Temasek and Francisco Partners.
Unanimous Recommendation
The Special Committee of CWAN's Board of Directors unanimously recommended the transaction.
Go-Private Strategy
Operating as a private company post-acquisition will enable CWAN to invest boldly for future growth.
- The acquisition represents a premium of around 47 percent over Clearwater Analytics' undisturbed share price prior to media reports of the transaction.
- The deal signifies a strategic move to drive innovation and offer enhanced solutions in institutional investment management.
- The transition to a privately held company is expected to provide CWAN with the flexibility to focus on long-term growth and client satisfaction.
Clearwater Analytics' acquisition by Permira and Warburg Pincus marks a significant milestone for the company, positioning it for continued growth and innovation in the financial technology sector.