Clearwater Analytics Holdings (CWAN) Company Report

Brodsky & Smith is investigating Clearwater Analytics Holdings, Inc. (CWAN).
The investigation concerns the company's acquisition by Permira and a Warburg Pincus-led Investor Group.
The acquisition is for $24.55 per share in cash, with the transaction valued at approximately $8.4 billion.
The investigation focuses on whether the Clearwater Analytics Board breached its fiduciary duties to shareholders and if the deal consideration provides fair value.

Dec 23, 2025, 8:19 PM

Press Release

Clearwater Analytics Announces $8.4 Billion Acquisition

CWAN

M&A

Takeover Bid

Delisting/Listing Issues

Clearwater Analytics (CWAN) has entered into a definitive agreement to be acquired by an Investor Group led by Permira and Warburg Pincus, with participation from Temasek and support from Francisco Partners.
The transaction is valued at approximately $8.4 billion, with CWAN stockholders set to receive $24.55 per share in cash. This per-share price represents a premium of approximately 47 percent over CWAN’s undisturbed share price as of November 10, 2025.
The acquisition is expected to close in the first half of 2026, subject to stockholder and regulatory approvals. Upon completion, CWAN will become a privately held company and its common stock will no longer be publicly listed on the New York Stock Exchange.
A "go-shop" period is in effect until January 23, 2026, during which CWAN can actively solicit and evaluate alternative acquisition proposals.

Dec 22, 2025, 12:38 PM

8-K

Clearwater Analytics to be Acquired for $8.4 Billion

CWAN

M&A

Takeover Bid

Clearwater Analytics (NYSE: CWAN) has entered into a definitive agreement to be acquired.
The transaction is valued at approximately $8.4 billion.
The acquisition is by a Permira and Warburg Pincus-led Investor Group, with participation from Temasek, and key support from Francisco Partners.

Dec 22, 2025, 9:05 AM

Press Release

Clearwater Analytics to be Acquired

CWAN

M&A

Takeover Bid

Delisting/Listing Issues

Clearwater Analytics (CWAN) has entered into a definitive agreement to be acquired for approximately $8.4 billion by a Permira and Warburg Pincus-led Investor Group, with support from Francisco Partners and participation from Temasek.
CWAN stockholders will receive $24.55 per share in cash, representing a premium of approximately 47 percent over the undisturbed share price as of November 10, 2025.
The transaction was unanimously recommended by a Special Committee and approved by the CWAN Board of Directors.
The acquisition is expected to close in the first half of 2026, subject to customary closing conditions, including stockholder and regulatory approvals.
A "go-shop" period is in effect until January 23, 2026, during which CWAN can solicit alternative acquisition proposals.

Dec 21, 2025, 7:33 PM

Press Release

Clearwater Analytics to be Acquired for $8.4 Billion

CWAN

M&A

Takeover Bid

Clearwater Analytics (NYSE: CWAN) has entered into a definitive agreement to be acquired.
The transaction is valued at approximately $8.4 billion.
The acquisition is being made by a Permira and Warburg Pincus-led Investor Group, with participation from Temasek and key support from Francisco Partners.

Dec 21, 2025, 7:33 PM

Press Release

Clearwater Analytics Agrees to $8.4 Billion Buyout

CWAN

M&A

Takeover Bid

New Projects/Investments

Clearwater Analytics has agreed to a take-private acquisition by private-equity firms Permira and Warburg Pincus, with participation from Francisco Partners and Temasek.
The transaction is valued at approximately $8.4 billion including debt, with shareholders receiving $24.55 per share in cash, representing about a 47% premium to the stock's November 10 price.
The company's independent special committee unanimously recommended the deal, which will return Clearwater to private ownership to allow it to invest boldly in building a next-generation front-to-back platform.
Recent financial results show strong performance, with third-quarter revenue rising approximately 77% to $205 million and adjusted EBITDA increasing about 84% to $71 million.

Dec 21, 2025, 1:28 PM

Bloomberg

Clearwater Analytics Releases 2026 Economic Outlook and New Duration Activity Index

CWAN

New Projects/Investments

Clearwater Analytics (CWAN) released its 2026 Economic Outlook, "The Economy That Still Wants to Hang On," introducing the CWAN Duration Activity Index (CDAI), which indicates that institutions managing over $2 trillion in combined assets are currently in "neutral" regarding duration exposure.
The outlook challenges prevailing recession narratives, identifying consumer spending backed by real wage growth and elevated corporate profits as key engines supporting continued U.S. economic growth through 2026.
Key findings suggest that Federal Reserve policy is unlikely to become accommodative despite rate cuts due to underlying price pressures, and corporate treasurers have already reduced cash allocations and extended duration.
CWAN's data, which tracks insurers' holdings, shows an inexorable shift from public to private credit since 2018 and a surge in AI investment, with institutions making net purchases of major AI stocks in the second half of 2025.

Dec 9, 2025, 2:00 PM

Press Release

Clearwater Analytics Report Details Insurers' Shift to Alternative Investments and Resulting Technology Gap

CWAN

New Projects/Investments

A Clearwater Analytics study reveals that alternative investments now comprise nearly one-third of the US insurance industry's assets, totaling approximately $2.7 trillion, indicating a permanent structural shift in portfolio strategy.
The report highlights Private Credit, including privately placed bonds and mortgage loans, as the dominant and fastest-growing alternative asset class.
This significant shift has created an IT infrastructure crisis, with legacy systems causing alternative asset processing times to be three to five times longer.
Some leading insurers are allocating between 35% and 70-80% of their capital to private and alternative assets.

Nov 12, 2025, 5:16 PM

Press Release

Clearwater Analytics Report Details $2.7 Trillion Shift to Alternative Investments in Insurance Sector

CWAN

New Projects/Investments

Clearwater Analytics (CWAN) published a report indicating a fundamental transformation in the insurance sector, with alternative investments shifting from a marginal strategy to a cornerstone of portfolios.
This shift represents approximately $2.7 trillion in the U.S. insurance sector, where alternative investments now constitute nearly one-third of assets.
The report highlights that some insurers are allocating 40-50% of their portfolios to 'alternatives'.
Similar structural shifts are occurring in the UK and continental Europe, as insurers seek diversification, yield, and alignment with Solvency II and changing capital rules.

Nov 12, 2025, 9:00 AM

Press Release

Clearwater Analytics Reports Insurance Sector's Shift to Alternative Investments

CWAN

New Projects/Investments

Clearwater Analytics (CWAN) has published a study indicating a significant shift in the insurance sector towards alternative investments, which is creating a technology gap.
Alternative investments now represent approximately $2.7 trillion, or nearly one-third, of the US insurance sector's assets.
An analysis of 400 insurers by CWAN shows that some insurers are allocating between 40% and 50% of their portfolios to alternatives.
This structural change is also occurring in the UK and continental Europe, as insurers seek diversification, yield, and risk adaptation.