00:00It's Benzinga, bringing Wall Street to Main Street.
00:03A group of private equity firms led by Premira and Warburg Pincus agreed to acquire investment
00:08and accounting software maker Clearwater Analytics for about $8.4 billion,
00:12including debt, according to CNBC. The buyers will take Clearwater Private for $24.55 per share in
00:19cash, representing a 47% premium to the November 10th closing price of $16.69.
00:25Minority Investors. Francisco Partners and Tomasic are participating in the deal.
00:32Clearwater will have a go-shop period ending on January 23rd with a possible 10-day extension.
00:38The transaction is expected to close in the first half of 2026.
00:42Clearwater is based in Boise, Idaho and provides cloud-based investment accounting software.
00:47For all things money, visit Benzinga.com.
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