Buyout firm Thoma Bravo has offered to buy Clearwater Analytics, sources say

Clearwater Analytics Holdings

17/11/2025 20:54

By Milana Vinn

NEW YORK, Nov 17 (Reuters) - Private equity firm Thoma Bravo has made an offer to acquire Clearwater Analytics CWAN.N, people familiar with the matter said on Monday.

The details of Thoma Bravo's bid, which would result in Clearwater being taken private, could not be learned from the sources, who spoke on condition of anonymity to discuss confidential deliberations.

Clearwater did not respond to a comment request. Thoma Bravo declined comment.

 (Reporting by Milana Vinn in New York; Editing by David French and Leslie Adler)

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