Permira and Warburg Pincus agree to take Clearwater Analytics private

● PLATFORM | FINTECH · Capital Markets & Trading

JANUARY 5, 2026

Permira and Warburg Pincus agree to take Clearwater Analytics private

TARGET

Clearwater Analytics provides investment accounting and analytics software used by insurers, asset managers, and other institutional investors.

Deal value	$8.4B transaction value
Ownership	Publicly traded · Welsh, Carson, Anderson & Stowe, Permira, Warburg Pincus, Dragoneer Investment Group, Durable Capital
Capital raised	$540M
Headcount	3,000 FTEs
Headquarters	Boise, Idaho
Leadership	Sandeep Sahai, CEO
Sell-side advisor	—

ACQUIRER

Permira and Warburg Pincus

Permira and Warburg Pincus are global private equity firms co-leading the acquisition.

Ownership	—
Deal team	Andrew Young (Permira; Warburg Pincus) Philip Muelder (Permira; Warburg Pincus) Alberto Riva (Permira; Warburg Pincus) Andrew Ren (Permira; Warburg Pincus) Wendy Jo (Permira; Warburg Pincus) Alex Stratoudakis, Managing Director (Warburg Pincus) Angel Pu Shum, Principal (Warburg Pincus)
Buy-side advisor	—

Share deal Copy details View press release ↗

Permira and Warburg Pincus -> Clearwater Analytics  (2026-09-18)
take_private | FinTech | $8.4 billion transaction value | announced
Target: Clearwater Analytics provides investment accounting and analytics software used by insurers, asset managers, and other institutional investors.
Website: clearwateranalytics.com | Buyer site: permira.com
HQ: Boise, Idaho | Ownership: public
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/permira-and-warburg-pincus-clearwater-analytics.html

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