Deal Profile: Thoughtworks to be Taken Private by Apax
Apax announced on August 5, 2024 its acquisition of Thoughtworks (NASDAQ: TWKS), a global digital consultancy offering software development and digital transformation services. Apax acquired a majority stake in Thoughtworks in 2017 before partially exiting via IPO in 2021. Thoughtworks is expected to complement Apax’s experience investing in the digital technology space.
“Current market dynamics create highly attractive opportunities to acquire premium assets at reasonable values,” detailed Clearsight Managing Director Rishabh Mishra. “Thoughtworks is a premier, modern-day product engineering services firm, and Apax is well-suited to unlock the company’s value.”
Learn more about this transaction and the digital, data, and cloud market in the deal profile below.
Contact Us for More Information
Managing Director, Clearsight Advisors
rmishra@clearsightadvisors.com
Managing Director, Clearsight Advisors
ptran@clearsightadvisors.com
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