{"id":39621,"date":"2025-01-13T19:00:11","date_gmt":"2025-01-13T19:00:11","guid":{"rendered":"https:\/\/isafespend.com\/?p=39621"},"modified":"2025-01-13T19:00:12","modified_gmt":"2025-01-13T19:00:12","slug":"clearwater-analytics-to-buy-software-maker-enfusion-for-1-5-billion-to-drive-global-expansion-by-reuters","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=39621","title":{"rendered":"Clearwater Analytics to buy software maker Enfusion for $1.5 billion to drive global expansion By Reuters"},"content":{"rendered":"<div>\n<p>By Arasu Kannagi Basil and Niket Nishant<\/p>\n<p>(Reuters) -Clearwater Analytics has agreed to acquire Enfusion in a $1.5 billion cash-and-stock deal as the financial software maker looks to bolster its international presence and enter the hedge fund industry.<\/p>\n<p>Enfusion shareholders will receive $5.85 in cash and $5.40 in Clearwater stock for each share, valuing the Chicago-based firm at $11.25 per share, the companies said on Monday.<\/p>\n<p>The deal highlights the appeal of mergers among companies that offer complementary services and shows how they can gain market share through strategic alliances.<\/p>\n<p>&#8220;Everything that we do is after the trade. And what Enfusion is focused on is everything before the trade. We are very, very complementary,&#8221; said Clearwater CEO Sandeep Sahai.<\/p>\n<p>&#8220;Our clients need auto management systems and portfolio management systems. We could build it, but it&#8217;d have taken us a long time to do it.&#8221;<\/p>\n<p>Enfusion, primarily serving hedge funds, provides portfolio management and risk systems to investment funds, and expects a revenue of $201 million to $202 million in 2024.<\/p>\n<p>Clearwater is offering a 32% premium to Enfusion stock&#8217;s close on Sep. 19 when Reuters had exclusively reported that it was exploring options including a sale after receiving takeover interest from potential suitors, including private equity firms.<\/p>\n<p>The company had also fielded acquisition interest in 2023 from several potential acquirers, including Francisco Partners, Vista Equity Partners and Irenic Capital Management.<\/p>\n<p>Certain shareholders affiliated with investment firms FTV Management Company and ICONIQ Growth and Enfusion CEO Oleg Movchan, who collectively hold about 45% of voting power, have agreed to support the deal.<\/p>\n<\/p>\n<p>J.P. Morgan Securities and Kirkland &amp; Ellis advised Clearwater Analytics, while Goldman Sachs and Dechert advised Enfusion&#8217;s special committee. Goodwin Procter advised Enfusion.<\/p>\n<p>The deal is expected to close in the second quarter of 2025.<\/p>\n<\/p><\/div>\n<p><script id=\"fb_pixel\" data-nscript=\"beforeInteractive\">!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window, document,'script','https:\/\/connect.facebook.net\/en_US\/fbevents.js');<\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/clearwater-analytics-to-acquire-enfusion-in-15-billion-deal-3808762\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Arasu Kannagi Basil and Niket Nishant (Reuters) -Clearwater Analytics has agreed to acquire Enfusion in a $1.5 billion cash-and-stock deal as the financial software maker looks to bolster its international presence and enter the hedge fund industry. Enfusion shareholders will receive $5.85 in cash and $5.40 in Clearwater stock for each share, valuing the<\/p>\n","protected":false},"author":1,"featured_media":10214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-39621","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Clearwater Analytics to buy software maker Enfusion for $1.5 billion to drive global expansion By Reuters | iSafeSpend<\/title>\n<meta name=\"description\" content=\"By Arasu Kannagi Basil and Niket Nishant (Reuters) -Clearwater Analytics has agreed to acquire Enfusion in a $1.5 billion cash-and-stock deal as the\" \/>\n<meta name=\"robots\" content=\"index, follow, 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