Thoughtworks Completes Transaction to Go Private in $1.75 Billion Deal with Apax Funds
Thoughtworks has completed its acquisition by Apax Funds in a transaction valued at approximately $1.75 billion, taking the company private. Stockholders will receive $4.40 per share in cash, representing a 48% premium over the 30-day volume-weighted average price prior to the announcement. Following the transaction, Thoughtworks' shares will cease trading on NASDAQ. The company aims to focus on long-term strategy, delivering digital solutions, and expanding its leadership in AI-enabled software and data engineering services.
Thoughtworks ha completato la sua acquisizione da parte di Apax Funds in una transazione valutata a circa 1,75 miliardi di dollari, rendendo l'azienda privata. Gli azionisti riceveranno 4,40 dollari per azione in contanti, che rappresenta un premio del 48% rispetto al prezzo medio ponderato per volume negli ultimi 30 giorni prima dell'annuncio. A seguito della transazione, le azioni di Thoughtworks cesseranno di essere scambiate su NASDAQ. L'azienda punta a concentrarsi sulla strategia a lungo termine, offrendo soluzioni digitali e ampliando la sua leadership nei servizi di software e ingegneria dei dati abilitati all'IA.
Thoughtworks ha completado su adquisición por parte de Apax Funds en una transacción valorada en aproximadamente 1,75 mil millones de dólares, convirtiendo a la empresa en privada. Los accionistas recibirán 4,40 dólares por acción en efectivo, lo que representa una prima del 48% sobre el precio promedio ponderado por volumen de 30 días antes del anuncio. Tras la transacción, las acciones de Thoughtworks dejarán de cotizar en NASDAQ. La empresa tiene como objetivo centrarse en la estrategia a largo plazo, ofreciendo soluciones digitales y ampliando su liderazgo en servicios de software y ingeniería de datos habilitados por IA.
Thoughtworks는 Apax Funds에 의해 약 17.5억 달러에 인수되었으며, 이는 회사를 비상장으로 만들었습니다. 주주들은 발표 전 30일간의 거래량 가중 평균 가격보다 48% 프리미엄을 나타내는 주당 4.40달러의 현금을 받게 됩니다. 거래 완료 후 Thoughtworks의 주식은 NASDAQ에서 거래되지 않을 것입니다. 이 회사는 장기 전략에 집중하고, 디지털 솔루션을 제공하며, AI 기반 소프트웨어 및 데이터 엔지니어링 서비스에서의 리더십을 확장하는 것을 목표로 하고 있습니다.
Thoughtworks a finalisé son acquisition par Apax Funds dans le cadre d'une transaction d'une valeur d'environ 1,75 milliard de dollars, rendant ainsi l'entreprise privée. Les actionnaires recevront 4,40 dollars par action en espèces, ce qui représente une prime de 48 % par rapport au prix moyen pondéré par volume des 30 jours précédant l'annonce. À la suite de la transaction, les actions de Thoughtworks cesseront d'être échangées sur NASDAQ. L'entreprise vise à se concentrer sur une stratégie à long terme, à fournir des solutions numériques et à étendre son leadership dans les services de logiciels et d'ingénierie des données habilités par l'IA.
Thoughtworks hat seine Übernahme durch Apax Funds in einer Transaktion, die mit etwa 1,75 Milliarden Dollar bewertet wurde, abgeschlossen und damit das Unternehmen in eine private Gesellschaft umgewandelt. Aktionäre erhalten 4,40 Dollar pro Aktie in bar, was eine Prämie von 48% gegenüber dem volumengewichteten Durchschnittspreis der letzten 30 Tage vor der Ankündigung darstellt. Nach der Transaktion werden die Aktien von Thoughtworks nicht mehr an der NASDAQ gehandelt. Das Unternehmen beabsichtigt, sich auf eine langfristige Strategie zu konzentrieren, digitale Lösungen anzubieten und seine Führungsposition in KI-gestützten Software- und Datenengineering-Diensten auszubauen.
- 48% premium offered to shareholders at $4.40 per share
- Transaction value of $1.75 billion indicates strong company valuation
- Private status allows focus on long-term strategy without public market pressures
- Delisting from NASDAQ reduces shareholder liquidity
- Public investors lose exposure to company's future growth potential
Insights
This
- Enhanced operational flexibility without quarterly earnings pressure
- Ability to make longer-term investments without public market scrutiny
- Streamlined decision-making process for strategic initiatives
Apax's expertise in technology investments and their existing relationship with Thoughtworks (through board representation) suggests a well-informed acquisition strategy. The focus on AI-enabled services aligns with current market trends, while the private structure should enable faster adaptation to market opportunities.
This privatization comes at a important time in the technology consulting sector, where rapid AI adoption is reshaping service delivery models. Thoughtworks' strong reputation in complex technology solutions positions them well to capitalize on enterprise digital transformation needs. Private ownership under Apax should accelerate their ability to:
- Invest aggressively in AI capabilities and talent acquisition
- Expand service offerings without immediate profitability pressure
- Pursue strategic acquisitions to enhance technical capabilities
The timing aligns with increased demand for AI integration services, giving Thoughtworks flexibility to capture market share in this high-growth segment.
The transaction, valued at approximately
With the transaction's completion, Thoughtworks’ shares will no longer be publicly traded on NASDAQ and the company will now operate as a privately held entity.
Mike Sutcliff, Thoughtworks’ Chief Executive Officer, said: “We are pleased to finalize this partnership with Apax. As a private company, we can now fully focus on our long-term strategy and continue delivering world-class digital solutions to our clients globally, while investing in our people and culture.”
Salim Nathoo, Partner at Apax and Non-Executive Director of Thoughtworks, added: “We’re excited to support Thoughtworks through its next stage of growth, leveraging its strong reputation for solving complex technology problems for the world’s leading enterprises, backing its unique talent and culture to help businesses transform through technology.”
The deal’s closing marks a new chapter for Thoughtworks, as the company seeks to accelerate innovation and expand its leadership in AI-enabled software and data engineering services for enterprises across industries.
Advisors
- Goldman Sachs & Co. LLC acted as the exclusive financial advisor to Apax. Kirkland & Ellis LLP and Richards, Layton & Finger, P.A. acted as legal counsel to Apax.
- Lazard acted as financial advisor to the Special Committee. Kramer Levin Naftalis & Frankel LLP and Potter Anderson & Corroon LLP acted as legal counsel to the Special Committee.
- Paul Hastings LLP acted as legal counsel to Thoughtworks.
Supporting resources:
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About Thoughtworks
Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. We are over 10,000 Thoughtworkers strong across 48 offices in 19 countries. For 30 years, we’ve delivered extraordinary impact together with our clients by helping them solve complex business problems with technology as the differentiator.
About Apax Partners
Apax Partners LLP is a leading global private equity advisory firm. For over 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of almost
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For Thoughtworks
Investor contact:
Rob Muller, Head of Investor Relations
Email: investor-relations@thoughtworks.com
Phone: +1 (312) 373-1000
Media contact:
Linda Horiuchi, Global Head of Public Relations
Email: linda.horiuchi@thoughtworks.com
Phone: +1 (646) 581-2568
For Apax:
Gill Corish, Interim Head of Communications
Email: gill.corish@apax.com
Phone: +44 7467994778
Source: Thoughtworks
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