Warburg, Permira Are in Talks to Buy Clearwater Analytics (1)

Nov. 15, 2025, 12:44 AM UTC

Warburg Pincus and Permira are in talks to acquire investment and accounting software maker Clearwater Analytics Holdings Inc., according to people familiar with the matter.

A deal by the two buyout firms, which helped take Clearwater public in 2021, could come together within weeks, the people said, asking not to be identified discussing confidential information.

The purchase price being discussed by Warburg and Permira couldn’t immediately be learned. Talks are ongoing and could still be delayed or end without a transaction, or another buyer could emerge, the people said.

Shares in Clearwater rose earlier this week after Bloomberg News ...

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