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Clearwater agrees to buy investment management platform Enfusion for $1.5B

TechCrunch: M&A

Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5

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SPACs: A Path to Public Markets That Shouldn’t Be Overlooked

MergersCorp M&A International

The capital raised in the IPO is placed in a trust account, earning interest, and can only be used for an acquisition or returned to investors. A definitive agreement is signed, outlining the terms of the merger, the valuation of the target company, and the ownership structure of the combined entity.

IPO
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The Unseen Hand: Tariffs and Their Profound Consequences on Mergers & Acquisitions

MergersCorp M&A International

Valuation models, which are typically built on projections of future earnings and cash flows, must be meticulously re-evaluated to account for these increased costs. Sellers will often try to carve out general economic or geopolitical events from MAC definitions, but specific tariff impacts can be harder to exclude.

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Clearwater Analytics picks up SaaS business Enfusion in $1.5 billion deal

The TRADE

Sandeep Sahai The definitive merger agreement confirms that the purchase price will be delivered in an approximately equal mix of cash and stocks. According to Clearwater, around 66% of its core Total Addressable Market (TAM) stems from the asset management industry, yet this accounts for just a third of its overall revenue.

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The rebundling conundrum

The TRADE

Most firms looked to get this research from their internal sources, or research payment accounts (RPA). Robert Buller, global account management at Kepler Cheuvreux, tells The TRADE that “Kepler Cheuvreux is well positioned to benefit from joint payments,” but adds that “most UK long-only managers are hesitant to be first movers.

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Algo advances create overlap between US equities’ single-stock and program trading

The TRADE

According to a study conducted by Coalition Greenwich, program trades accounted for approximately $79 billion in daily trading activity in 2024, and nearly half (46%) of these trades were executed electronically, an increase of 35% in two years.

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Corporate Finance Jobs: Cozy Careers, But Bad “Plan B” Options

Mergers and Inquisitions

Recruiting is straightforward and much less competitive / time-sensitive than IB roles; you can get in coming from a solid-but-not-top-tier university with decent grades and good accounting knowledge. You need to know about accounting and the financial statements in all these roles, but that’s the main similarity.