Simpson Thacher is representing Francisco Partners in connection with the acquisition of Clearwater Analytics by a Permira and Warburg Pincus-led investor group, with participation from Temasek and key support from Francisco Partners, in a transaction valued at approximately $8.4 billion. Under the terms of the definitive agreement, Clearwater Analytics’ stockholders will receive $24.55 per share in cash upon closing of the transaction. The transaction is expected to close in the first half of 2026, subject to customary closing conditions, including approval by Clearwater Analytics’ stockholders and receipt of required regulatory approvals.
Clearwater Analytics provides a comprehensive cloud-native platform for institutional investors across global public and private markets. The platform delivers real-time data and AI-driven insights throughout the investment lifecycle and eliminates information silos by integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics in one unified system. Clearwater Analytics supports over $10 trillion in assets globally.
The Simpson Thacher team includes Atif Azher, Naveed Anwar, Robert Langdon, Shaneel Parikh, Marina Hernandez and Jason Anterasian (M&A); David Rubinsky, Allison Sutherland, Josh Stephens and Katherine Howard (Executive Compensation and Employee Benefits); Bill Brentani and Anna LeGrett (Capital Markets); Russell Light (Tax); Lori Lesser and Christine Song (Intellectual Property); and Karen Kazmerzak, Josh Buckland, Nathaniel Bronstein, Daniel Owsley and Sarah Chaudhuri (Antitrust).