Thoughtworks Taken Private by Affiliates of Apax Funds for $1.75 Billion-February 2024-www.financetom.com

Thoughtworks Taken Private by Affiliates of Apax Funds for $1.75 Billion

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Thoughtworks Taken Private by Affiliates of Apax Funds for $1.75 Billion

Nov 13, 2024 11:21 AM

09:28 AM EST, 11/13/2024 (MT Newswires) -- Thoughtworks Holding ( TWKS ) said Wednesday it has been acquired by affiliates of funds advised by Apax Partners for roughly $1.75 billion in transaction value.

Under the transaction's terms, Thoughtworks' ( TWKS ) shareholders will receive $4.40 per share in cash, the company said.

Thoughtworks ( TWKS ) will now operate as a private entity as its stock will no longer trade on Nasdaq, it added.

The deal was first announced in August.

Price: 4.4200, Change: -0.01, Percent Change: -0.23

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