Clearwater Analytics Holdings Buyout: Goldman-Led $3.5 Billion Private Credit Financing

Permira and Warburg Pincus Investor Group to Take Clearwater Analytics Private in $8.4 Billion Deal

December 21, 2025

Software

Clearwater Analytics has entered into a definitive agreement to be acquired in an all-cash transaction valued at approximately $8.4 billion by an investor group led by Permira and Warburg Pincus, with participation from Temasek and support from Francisco Partners. Under the terms, Clearwater Analytics stockholders will receive $24.55 per share in cash at closing, and the company is expected to become privately held.

Sunstone Partners Acquires Majority Stake in Clearwater

September 30, 2025

Cybersecurity

Sunstone Partners, a growth-oriented private equity firm, has acquired majority ownership of Clearwater from Altaris, LLC and other existing shareholders. The investment will support Clearwater’s expansion of managed security, consulting, and software capabilities across the healthcare ecosystem and the defense industrial base (via its Redspin division).

Clearwater Analytics Acquires Enfusion for About $1.5 Billion

April 21, 2025

Cloud & SaaS

Clearwater Analytics entered into a definitive merger agreement to acquire Enfusion, a SaaS provider for investment management and hedge funds, in a deal valued at approximately $1.5 billion. Clearwater will integrate Enfusion’s front-office capabilities with its middle- and back-office platform to build a unified cloud-native front-to-back solution and expand hedge-fund coverage and international presence.

Clearwater Analytics Completes Acquisition of Beacon Platform

May 1, 2025

Data & Analytics

Clearwater Analytics (NYSE: CWAN) completed its acquisition of Beacon Platform Inc., a provider of enterprise risk analytics and developer infrastructure. The combined platform strengthens Clearwater’s cross-asset portfolio management capabilities across public and private markets, including derivatives, structured products, and private credit.

Clearlake Capital Acquires Dun & Bradstreet

May 12, 2025

Data & Analytics

Clearlake Capital Group has entered into a definitive agreement to take Dun & Bradstreet Holdings, Inc. private in a transaction valued at $7.7 billion, with Dun & Bradstreet shareholders to receive $9.15 per share. The deal, supported by a financing package from multiple lenders and advisors, is intended to enable long-term transformation and investment in Dun & Bradstreet's data and AI capabilities.

Blue Owl Capital Acquires Atalaya Capital Management's Business

September 30, 2024

Financial Services

Blue Owl Capital Inc. completed the acquisition of the business of alternative credit manager Atalaya Capital Management LP, adding Atalaya's asset-based credit capabilities and roughly $10 billion in AUM to Blue Owl's platform. The deal appoints Atalaya founding partner Ivan Zinn as Blue Owl's Head of Alternative Credit and expands Blue Owl's presence in alternative credit and direct lending.