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Clearwater Analytics to acquire Enfusion in $1.5 billion deal

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Clearwater Analytics to acquire Enfusion in $1.5 billion deal

Jan 13, 2025 4:06 AM

(Reuters) -Clearwater Analytics ( CWAN ) has agreed to acquire investment management platform Enfusion ( ENFN ) in a $1.5 billion cash-and-stock deal, the companies said on Monday.

Enfusion ( ENFN ) shareholders will receive $5.85 in cash and $5.40 in Clearwater stock for each share, valuing the company at $11.25 per share, a 13% premium to its last close.

Reuters had exclusively reported last year that Chicago-based firm was exploring options including a sale.

J.P. Morgan Securities and Kirkland & Ellis advised Clearwater Analytics ( CWAN ), while Goldman Sachs and Dechert advised Enfusion's ( ENFN ) special committee.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Anil D'Silva and Vijay Kishore)

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