Thoughtworks Taken Private by Affiliates of Apax Funds for $1.75 Billion

MT Newswires Live

2024/11/13

Thoughtworks Holding (TWKS) said Wednesday it has been acquired by affiliates of funds advised by Apax Partners for roughly $1.75 billion in transaction value.

Under the transaction's terms, Thoughtworks' shareholders will receive $4.40 per share in cash, the company said.

Thoughtworks will now operate as a private entity as its stock will no longer trade on Nasdaq, it added.

The deal was first announced in August.

Price: 4.4200, Change: -0.01, Percent Change: -0.23

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