Thoughtworks Completes Transaction to Go Private in $1.75 Billion Deal with Apax Funds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2024
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Should l Buy ?
Source: Businesswire
Acquisition Announcement: Thoughtworks has been acquired by affiliates of Apax Partners for approximately $1.75 billion, taking the company private and providing stockholders with a cash payment of $4.40 per share, reflecting a 48% premium.
Future Focus: As a private entity, Thoughtworks aims to concentrate on long-term strategies and innovation in AI-enabled software and data engineering services, enhancing its capabilities to solve complex technology challenges for enterprises globally.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
