Thoughtworks’ Sale to Apax

Cleary Gottlieb is representing Lazard as financial advisor to the special committee of Thoughtworks Holding Inc. (Thoughtworks) in its announced sale to an affiliate of funds advised by Apax Partners LLP (Apax).

Under the terms of the agreement, Thoughworks’ stockholders will receive $4.40 in cash for each share of Thoughtworks’ common stock. The transaction is valued at approximately $1.75 billion and is expected to close in the fourth calendar quarter of 2024, subject customary closing conditions. Upon completion of the transaction, Thoughtworks common stock will no longer be publicly listed on NASDAQ, and Thoughtworks will become a privately held company.

Thoughtworks is a global technology consultancy that integrates strategy, design, and engineering, and has over 10,500 people across 48 offices in 19 countries. Apax is a leading global private equity advisory firm.