The Goodwin Public M&A team advised the Special Committee of Clearwater Analytics Holdings, Inc. (“Clearwater Analytics”) in the company’s definitive agreement to terminate its Tax Receivable Agreement (“TRA”) for one-time settlement payments totaling $72.5 million. These settlement payments will resolve all accrued and potential liabilities related to the TRA, including $28.8 million in TRA liabilities reported on the Company’s balance sheet.
Clearwater Analytics, a global, industry-leading SaaS solution, automates the entire investment lifecycle. With a single instance, multi-tenant architecture, Clearwater offers award-winning investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. Each day, leading insurers, asset managers, corporations, and governments use Clearwater’s trusted data to drive efficient, scalable investing on more than $7.3 trillion in assets spanning traditional and alternative asset types.
The Goodwin team was led by Josh Zachariah, Mike Patrone, Will Stanton, Stephanie Barbanell, Alex Apostolopoulos, Janet Andolina, Deb Birnbach, and Jordan Benson.
For more information on the deal, please read the press release.