Enfusion Joins Forces with Clearwater Analytics in a $1.5 Billion Deal
Deal News | Jan 13, 2025 | Goodwin
In a landmark transaction, Goodwin advised software solutions provider Enfusion in its acquisition by Clearwater Analytics. The deal, valued at approximately $1.5 billion, involves an acquisition price of $11.25 per share in a combination of cash and stock. Notably, Clearwater Analytics will also pay $30 million to terminate Enfusion's tax receivable agreement, marking a significant commitment in the transaction. Enfusion, known for its SaaS platform that transforms investment management through its end-to-end services, caters to over 850 investment managers spread across continents. Meanwhile, Clearwater Analytics, with its acclaimed SaaS solutions managing over $7.3 trillion in assets, aims to bolster its offerings and integration capabilities through this acquisition, potentially revolutionizing the services in investment portfolio management and analytics. This move highlights strategic growth ambitions by both parties, aligning advanced SaaS capabilities with extensive industry reach. The deal also includes flexible shareholder consideration options for Enfusion shareholders, accommodating mixed, all-cash, or all-stock selections.
Sectors
- Software as a Service (SaaS)
- Investment Management
- Financial Services
Geography
- United States – Both Enfusion and Clearwater Analytics are headquartered in the United States, making it a central geography for this transaction.
Industry
- Software as a Service (SaaS) – This industry involves delivering software over the internet and is central to the business models of both Enfusion and Clearwater Analytics.
- Investment Management – Both companies provide crucial technologies and solutions that support the investment management sector by streamlining and optimizing processes.
- Financial Services – Enfusion and Clearwater Analytics operate within the broader financial services sector, offering platforms and solutions that enhance the operational capabilities of financial institutions.
Financials
- $1.5 billion – The total purchase price for Enfusion by Clearwater Analytics.
- $11.25 per share – The purchase price per share offered in the acquisition.
- $30 million – The amount Clearwater Analytics will pay to terminate Enfusion's tax receivable agreement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Enfusion | Target Company | Company | A SaaS provider offering investment management solutions, known for its seamless unification of various operational teams and serving over 850 investment managers globally. |
| Clearwater Analytics | Bidding Company | Company | A global leader in SaaS solutions for the financial industry, managing extensive investment life cycle processes with over $7.3 trillion in managed assets. |
| Goodwin | Legal Advisor | Company | A law firm providing legal counsel to Enfusion during its acquisition by Clearwater Analytics. |