Kirkland & Ellis advises Clearwater Analytics on $560 million acquisition of Beacon

Clearwater Analytics is a NYSE-listed acquirer buying Beacon, which is described as a next-generation provider of cross-asset class modeling and risk analytics for derivatives, private credit and debt, structured products and other alternative assets.
The deal is a definitive acquisition valued at about US$560 million in aggregate purchase price, with 60% of the consideration to be paid in cash and the remaining 40% in Clearwater Class A common stock.
The transaction has been signed through a definitive agreement, giving Clearwater a route to add Beacon's capabilities in derivatives and alternative-asset risk analytics to its platform.

Beacon is led by CEO Kirat Singh, who framed the company as central to a broader institutional-investor technology platform spanning front office, pre-trade, risk and accounting.
The transaction values Beacon at US$560 million, with Clearwater Analytics acquiring the company in an M&A deal announced on 2025-03-12.
Management presented the combination as creating an industry-leading offering for institutional investors, with post-closing capabilities spanning transparency across front office, pre-trade, risk and accounting.

Clearwater Analytics is a NYSE-listed acquirer buying Beacon, which is described as a next-generation provider of cross-asset class modeling and risk analytics for derivatives, private credit and debt, structured products and other alternative assets.
The deal is a definitive acquisition valued at about US$560 million in aggregate purchase price, with 60% of the consideration to be paid in cash and the remaining 40% in Clearwater Class A common stock.
The transaction has been signed through a definitive agreement, giving Clearwater a route to add Beacon's capabilities in derivatives and alternative-asset risk analytics to its platform.

Beacon is led by CEO Kirat Singh, who framed the company as central to a broader institutional-investor technology platform spanning front office, pre-trade, risk and accounting.
The transaction values Beacon at US$560 million, with Clearwater Analytics acquiring the company in an M&A deal announced on 2025-03-12.
Management presented the combination as creating an industry-leading offering for institutional investors, with post-closing capabilities spanning transparency across front office, pre-trade, risk and accounting.

Deal Overview