Summary
Leading personal equity companies Warburg Pincus and Permira are supposedly in conversations to obtain Clearwater Analytics, a software application service provider for financial investment and accounting management. This prospective offer, which might settle in weeks, follows the companies’ previous participation in Clearwater’s 2021 public offering. The business, based in Boise, Idaho, assists organizations handle their financial investment portfolios.
International personal equity companies Warburg Pincus and Permira remain in speak with purchase financial investment and accounting software application maker Clearwater Analytics, a source knowledgeable about the matter informed Reuters on Friday.
Boise, Idaho-based Clearwater makes software application that assists business handle their financial investment portfolios.
An offer by the 2 buyout companies, which assisted take Clearwater public in 2021, might take a number of weeks, the source stated.
Bloomberg News reported on the talks previously on Friday, mentioning individuals knowledgeable about the matter.
Warburg Pincus, Permira, and Clearwater Analytics Holdings did not instantly react to an ask for remark.
Clearwater, which went public in 2021 at an appraisal of $5.5 billion, had a market capitalization of around $5.63 billion since Friday’s close, according to LSEG computations.