Apax Partners to acquire the remaining 38.81% stake in Thoughtworks for $630m.

Apax Partners, a British private equity firm, agreed to acquire the remaining 38.81% stake in Thoughtworks, a global technology company, for $630m. “We appreciate the Special Committee’s comprehensive evaluation of the Apax Funds’ offer and are confident that this transaction provides immediate and fair value to Thoughtworks minority stockholders. Apax has been a longstanding strategic partner for Thoughtworks. With their continued support, we plan to make the necessary long-term investments and advance our vision of being a stronger, strategic partner for our clients,” Mike Sutcliff, Thoughtworks CEO.