Milbank LLP is advising the financing sources in connection with the $8.4 billion acquisition of Clearwater Analytics (NYSE: CWAN) (“Clearwater”) by a Permira and Warburg Pincus-led investor group, with participation from Temasek and key support from Francisco Partners.
Upon completion of the proposed transaction, Clearwater stockholders will receive $24.55 per share in cash and Clearwater will become a privately held company. The deal is expected to close in the first half of 2026, subject to customary closing conditions.
The Milbank team is being led by New York-based Global Leveraged Finance partners Marcus Dougherty, Benjamin Miles and George Zhang, special counsel Morgan Lingar, and associates George Miller and Bianca Wieck.
