GIC, Siemens, Fidelity and Mubadala Invest $720M in ThoughtWorks

Apax Partners Takes Thoughtworks Private in $1.75 Billion Buyout

November 13, 2024

IT Services

Apax Partners’ funds completed the acquisition of Thoughtworks for approximately $1.75 billion, taking the company private at $4.40 per share (a 48% premium to the 30‑day VWAP). Thoughtworks will no longer trade on NASDAQ and will operate as a privately held company as it focuses on long‑term strategy and expanding its AI‑enabled software and data engineering services.

ThoughtWorks Acquires Gemini Solutions Inc

January 13, 2021

IT Services

ThoughtWorks has agreed to acquire Gemini Solutions Inc., a privately-held software development and consulting firm, to establish ThoughtWorks Romania and strengthen its nearshore delivery capabilities in Europe. The Gemini team of over 170 engineers based in Bucharest, Cluj and Iași will support ThoughtWorks’ clients across the UK, Germany, North America and France, and Serban Tir will become general manager of ThoughtWorks Romania.

Luminate Capital Partners Makes Strategic Growth Investment in Thought Industries

September 5, 2019

Cloud & SaaS

Luminate Capital Partners, a San Francisco-based private equity firm, made a strategic growth investment in Thought Industries to support the SaaS company's continued product development and market expansion. The investment will help Thought Industries enhance its customer learning platform and scale customer support and go-to-market activities; financial terms were not disclosed.

H.I.G. Capital Invests in ThoughtFocus

November 2, 2022

IT Services

H.I.G. Capital (through an affiliate) completed a growth investment in ThoughtFocus, a U.S.-headquartered provider of digital services and technology-enabled operations serving primarily the financial services sector. The capital will support ThoughtFocus’s continued growth, expansion of services and solutions, and further development of its global delivery capabilities.

Renovus Capital Partners Makes Growth Investment in Thought Logic Consulting

February 7, 2021

Consulting

Renovus Capital Partners has made a growth capital investment in Thought Logic Consulting to support the firm's investments in its team and capabilities, accelerate planned geographic expansion, and pursue industry partnerships and acquisitions. Thought Logic, a business and technology transformation consultancy with offices in Atlanta, GA and Richmond, VA, will leverage Renovus' experience in scaling founder-led services businesses.

GTCR Invests $1.33 Billion in Tricentis

November 26, 2024

Software

GTCR has signed a definitive agreement to invest $1.33 billion in Tricentis, valuing the enterprise at $4.5 billion. Insight Partners will continue as a significant investor and will work with GTCR with equal board representation as Tricentis uses the capital to fuel growth, product innovation, and global expansion.