Apax Partners Takes Thoughtworks Private in $1.75 Billion Buyout
November 13, 2024
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.
- Buyers
- Apax Partners LLP (affiliates of certain investment funds advised by Apax Funds)
- Targets
- Thoughtworks
- Sellers
- Thoughtworks stockholders
- Industry
- IT Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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