Kirkland Counsels Clearwater Analytics on Acquisition of Bistro

Kirkland & Ellis advised Clearwater Analytics (NYSE: CWAN) on a definitive asset purchase agreement to acquire Bistro, Blackstone’s proprietary portfolio visualization software platform built for Blackstone’s Credit & Insurance business. Blackstone developed Bistro to support the growth of its insurance clients and provide a comprehensive view of private credit portfolios, including asset analytics, client reporting and risk management insights. The purchase price for the Bistro software is $125 million, of which $10 million will be paid in cash and the remainder will be paid in shares of Class A common stock.

Read the transaction press release

The Kirkland team included corporate lawyers Constantine Skarvelis, Marshall Shaffer and Patrick Salvo; and capital markets lawyer Ross Leff.