Apax Partners To Take Tech Consultancy Thoughtworks Private for $1.75B

Platforms
Written By Rick Watson

Thoughtworks is a global technology consultancy that provides software design, development, and consulting services.

Apax Partners will take Thoughtworks, a global technology consultancy private in a deal worth approximately $1.75B. Funds associated with Apex will acquire shares of common stock it does not own at $4.40, a 30% premium from Thoughtwork's last closing price. Thoughtworks stock has lost 87% of its value since the start of 2022.

PE Hub: Apax Partners to take tech consultancy Thoughtworks Private for $1.75bn

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
Previous

Blue Yonder Acquires One Network Enterprises For $839M
Next

Eyewear Maker EssilorLuxottica to Acquire Supreme for $1.5B