By Milana Vinn (Reuters) -Global private equity firms Warburg Pincus and Permira are in talks to buy investment and accounting software maker Clearwater Analytics, a source familiar with the matter told Reuters on Friday. Boise, Idaho-based Clearwater makes software that helps companies manage their investment portfolios. A deal by the two buyout firms, which helped take Clearwater public in 2021, could take several weeks, the source said. Bloomberg News reported on the talks earlier on Friday, citing people familiar with the matter. Warburg Pincus, Permira, and Clearwater Analytics Holdings did not immediately respond to a request for comment. Clearwater, which went public in 2021 at a valuation of $5.5 billion, had a market capitalization of around $5.63 billion as of Friday's close, according to LSEG calculations. (Reporting by Milana Vinn in New York and Mihika Sharma in Bengaluru; Editing by Tom Hogue and Shri Navaratnam)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
(Reuters) -New York Federal Reserve President John Williams met with Wall Street banks this week…
WASHINGTON (Reuters) -A final plea by Alphabet's Google to avoid a breakup of its advertising…
WASHINGTON (Reuters) -A final plea by Alphabet's Google to avoid a breakup of its advertising…
(Reuters) -Global private equity firms Warburg Pincus and Permira are in talks to buy investment…
By Timothy Gardner, Shariq Khan and Robert Harvey WASHINGTON/NEW YORK/LONDON (Reuters) -The Trump administration on…
By Blake Brittain (Reuters) -The U.S. International Trade Commission decided on Friday to hold a…