General
Synopsis
Leading private equity firms Warburg Pincus and Permira are reportedly in discussions to acquire Clearwater Analytics, a software provider for investment and accounting management. This potential deal, which could finalize in weeks, follows the firms’ previous involvement in Clearwater’s 2021 public offering. The company, based in Boise, Idaho, helps businesses manage their investment portfolios.
ETtechGlobal private equity firms Warburg Pincus and Permira are in talks to buy investment and accounting software maker Clearwater Analytics, a source familiar with the matter told Reuters on Friday.
Boise, Idaho-based Clearwater makes software that helps companies manage their investment portfolios.
A deal by the two buyout firms, which helped take Clearwater public in 2021, could take several weeks, the source said.
Bloomberg News reported on the talks earlier on Friday, citing people familiar with the matter.
Warburg Pincus, Permira, and Clearwater Analytics Holdings did not immediately respond to a request for comment.
Clearwater, which went public in 2021 at a valuation of $5.5 billion, had a market capitalization of around $5.63 billion as of Friday’s close, according to LSEG calculations.
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