Active situationTechnologyOngoing·Updated Apr 30, 2026·Published Dec 27, 2025
Clearwater Analytics / Permira / Warburg Pincus — $7bn technology deal
CWAN
Shareholder vote May 6; EC Phase I clearance expected same day. Go-shop contacted 44 bidders — none submitted competing bid. Multiple plaintiff firms investigating conflicts of interest given buyers' insider status.
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CTFN Editorial
Active Situations Desk · ctfn.news
Deal snapshot — free previewOngoing
Next event
Shareholder vote
May 6, 2026· in 4d
CTFN estimated close
Jun 30, 2026
Key risks
SAMR timing; FIRB timing (given Temasek involvement). Multiple plaintiff law firms allege conflicts of interest — Permira and Warburg Pincus are existing insider stockholders with board representation who possessed material non-public information about CWAN's growth trajectory. The buyout was agreed less than two weeks after Starboard Value disclosed a 5% activist stake.
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