Sunstone Partners acquires majority ownership of Clearwater
Sunstone Partners acquired majority ownership of Clearwater from Altaris, LLC and other existing shareholders. The investment will help Clearwater scale its managed services, consulting, and software offerings.
Deal Analysis
- Sunstone Partners acquires majority ownership of Clearwater.
- Altaris, LLC and other shareholders are selling their stake.
- The investment will support Clearwater's expansion of managed services, consulting, and software offerings.
- The deal underscores the attractiveness of the data center technology market.
Source Intelligence
Sunstone Partners acquired majority ownership of Clearwater from Altaris, LLC and other existing shareholders. Quote: Through the investment, Sunstone Partners has acquired majority ownership of the company from Altaris, LLC and other existing shareholders.
"Clearwater, (or “the Company”) the largest pure-play provider of cybersecurity and compliance solutions for the healthcare industry, today announced a strategic investment from Sunstone Partners, a growth-oriented private equity firm focused on advancing technology-enabled services and software companies."
"Through the investment, Sunstone Partners has acquired majority ownership of the company from Altaris, LLC and other existing shareholders."
"Through the investment, Sunstone Partners has acquired majority ownership of the company from Altaris, LLC and other existing shareholders."
"Stephens served as exclusive financial advisor and ArentFox Schiff served as legal advisor to Clearwater and Altaris, LLC in the transaction."
"Stephens served as exclusive financial advisor and ArentFox Schiff served as legal advisor to Clearwater and Altaris, LLC in the transaction."
"Choate Hall & Stewart LLP acted as legal advisor to Sunstone Partners."
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