Global private equity giants Warburg Pincus and Permira are reportedly in discussions to acquire Clearwater Analytics, the investment and accounting software provider they helped take public in 2021.
🔍 Deal Highlights
- Clearwater provides cloud-based software for investment portfolio accounting, analytics, and reporting — serving insurers, asset managers, and corporates.
- Talks are ongoing and could take several weeks to materialize, per sources.
- The company went public in 2021 with a $5.5B valuation and now sits at a ~$5.63B market cap, according to LSEG.
- News of the discussions was first reported by Bloomberg.
🧭 Strategic Context
If completed, the deal would mark a major buyout in the financial technology space — and represent a full-circle moment for Warburg and Permira, who were instrumental in Clearwater’s IPO journey.
The move also highlights growing private equity appetite for mission-critical SaaS platforms, especially those tied to financial infrastructure and investment operations.