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

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

February 12, 2026

Cloud & SaaS

A group of private credit firms led by Goldman Sachs Alternatives is providing $3.5 billion to support the buyout of Clearwater Analytics Holdings Inc. Ares Management, Blue Owl Capital, Antares Capital, and Apollo Global Management are joining the lender group, with the debt offered at a 4.5-percentage-point premium to the US benchmark.

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 Acquires CynergisTek in a $17.7 Million Take-Private Transaction

May 23, 2022

Cybersecurity

CynergisTek, Inc. entered into a definitive agreement to be acquired by Clearwater Compliance LLC (Clearwater) in an all-cash transaction valued at approximately $17.7 million. Under the terms, CynergisTek stockholders received $1.25 per share in cash, and CynergisTek became a privately held subsidiary of Clearwater.

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.

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).

Precision Aerospace Holdings Acquires Clearwater Engineering

March 18, 2025

Manufacturing

Dallas-based Precision Aerospace Holdings, a portfolio company of Juniper Capital Management and CIC Partners, has acquired Clearwater Engineering, a Derby, Kansas precision machining and CNC milling company serving commercial and government aerospace customers. The add-on deal (closed March 7, 2025) expands Precision's Midwest footprint, adds machining capacity and capabilities, and brings approximately 40 Clearwater employees into the Precision platform.