Technology consultancy firm Thoughtworks Holding Inc. (TWKS) entered a deal on August 5, 2024, with Apax Partners LLP to be taken private in an all-cash deal valued at $1.75 billion.
As per the agreement’s terms, an affiliate of funds advised by Apax Partners will purchase all of the outstanding shares of Thoughtworks for $4.40 per share, representing a premium of 29.79% from the stock’s last close.