Company: CWAN
Filing Date: 2025-12-22
Form Type: DEFA14A
Source: 0000950157-25-001019
Chunk: 1

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-12-22
Form: DEFA14A
Chunk 1
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 been a need to innovate faster, think bigger and reimagine what our clients need today, tomorrow and in the future. Today, CWAN announced that we’ve entered into a definitive agreement to be acquired by a consortium of private equity investors in a transaction valuing the company at approximately $8.4B ($24.55 per share). The transaction is expected to close in the first half of 2026, subject to customary closing conditions, including regulatory approvals and a vote by our stockholders. This transaction creates a partnership between CWAN and a consortium of prominent global investors who invest in visionary companies and help them innovate and accelerate industry leadership. Two of these investors, Permira and Warburg Pincus, have been part of our journey since 2020, while Francisco Partners and Temasek are new to our story. Francisco Partners is based in the Bay Area and invests exclusively in tech and tech-enabled services while Temasek in Singapore brings extensive relationships across Asia. Collectively, their investment demonstrates strong confidence in our business model, long-term strategy, and growth prospects. As a private company, we will have greater flexibility to make long-term investments that accelerate platform integration, advance product innovation, including Gen AI, and expand our capabilities across public and private markets. This is about building more — more innovation, more integration, more scale, and an even stronger client experience. At the center of this disruption is a $23B market opportunity .We are no longer a small regional company – we are bigger than most companies focused on investment management. We must strive to become the disruptive leader in our industry. The winners will be those who can innovate quickly, integrate deeply, and solve the hardest problems with clarity and conviction. Over the past few years, we have worked towards getting the right components in place to build the next-generation solution. With Clearwater at the core, and the additions of JUMP, Wilshire, Enfusion, Beacon, and Blackstone’s Bistro, we now have the foundation for a uniquely integrated, front-to-back platform built for the future of investing. For those of you who have been part of the Clearwater story for the last 8 years, this feels like another chapter in our company’s history. From what was a private company owned largely by the founders, we morphed into a single PE-owned company, and then added two other PE sponsors, to a controlled public company and finally to a non-controlled public company. We have been through several changes to our capital structure. Today we start the next chapter