By Milana Vinn (Reuters) -Global private equity firms Warburg Pincus and Permira are in talks to buy investment and accounting software maker Clearwater Analytics, a source familiar with the matter
Warburg Pincus and Permira Explore Acquisition of Clearwater Analytics
Details of the Acquisition Talks
By Milana Vinn
Background on Clearwater Analytics
(Reuters) -Global private equity firms Warburg Pincus and Permira are in talks to buy investment and accounting software maker Clearwater Analytics, a source familiar with the matter told Reuters on Friday.
Market Valuation and Public Offering
Boise, Idaho-based Clearwater makes software that helps companies manage their investment portfolios.
Potential Impact of the Deal
A deal by the two buyout firms, which helped take Clearwater public in 2021, could take several weeks, the source said.
Bloomberg News reported on the talks earlier on Friday, citing people familiar with the matter.
Warburg Pincus, Permira, and Clearwater Analytics Holdings did not immediately respond to a request for comment.
Clearwater, which went public in 2021 at a valuation of $5.5 billion, had a market capitalization of around $5.63 billion as of Friday's close, according to LSEG calculations.
(Reporting by Milana Vinn in New York and Mihika Sharma in Bengaluru; Editing by Tom Hogue and Shri Navaratnam)
