Clearwater Analytics to be Acquired for $7.6 Billion

TL;DR

Clearwater Analytics going private in $7.6B deal with Hellman & Friedman, shareholders get $36.72 cash per share.

AI Summary

Clearwater Analytics Holdings, Inc. announced on April 2, 2024, that it has entered into a definitive agreement to be acquired by an affiliate of Hellman & Friedman LLC. The transaction is valued at approximately $7.6 billion, with shareholders set to receive $36.72 in cash for each share of common stock they own. This acquisition marks a significant event for the company, transitioning it from a publicly traded entity to a private one.

Why It Matters

This acquisition by Hellman & Friedman will take Clearwater Analytics private, impacting its public market trading and potentially leading to strategic changes under new ownership.

Risk Assessment

Risk Level: medium — The acquisition introduces risks related to deal completion, potential changes in business strategy, and the transition from public to private ownership.

Key Numbers

• $7.6B — Transaction Value (Total amount paid for Clearwater Analytics)
• $36.72 — Price Per Share (Cash amount shareholders will receive)

Key Players & Entities

• Clearwater Analytics Holdings, Inc. (company) — Company being acquired
• Hellman & Friedman LLC (company) — Acquiring entity
• $7.6 billion (dollar_amount) — Total transaction value
• $36.72 (dollar_amount) — Cash price per share
• April 2, 2024 (date) — Date of the agreement announcement

FAQ

Key Financial Figures

• $0.001 — tered Class A common stock, par value $0.001 per share CWAN New York Stock Exchange

Filing Documents

• cwan-20240402.htm (8-K) — 28KB
• cwan-20240402xexx991.htm (EX-99.1) — 17KB
• picture1.jpg (GRAPHIC) — 5KB
• 0001628280-24-014233.txt ( ) — 186KB
• cwan-20240402.xsd (EX-101.SCH) — 2KB
• cwan-20240402_lab.xml (EX-101.LAB) — 23KB
• cwan-20240402_pre.xml (EX-101.PRE) — 13KB
• cwan-20240402_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On April 2, 2024, the Company issued a press release announcing its execution of a definitive agreement to acquire Wilshire Axiom SM , Wilshire Atlas SM , Abacus, and Wilshire iQComposite from Wilshire Advisors, LLC. A copy of the press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d): The following exhibits are being filed herewith: Exhibit Number Description 99.1 Press release entitled "Clearwater Analytics to Partner with Wilshire and Acquire Sophisticated Ris k and Performance Models " 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Clearwater Analytics Holdings, Inc. Date: April 2, 2024 By: /s/ Jim Cox Jim Cox, Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR