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