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QuotedData’s morning briefing 12 August 2024 – APAX

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In QuotedData’s morning briefing 12 August 2024:

  • Apax Global Alpha ( APAX) has provided an update on the Apax Funds’ intention to take private technology consultancy, Thoughtworks. As part of the transaction, Apax XI and co-investors will purchase all the outstanding shares in Thoughtworks, whilst Apax IX, alongside related co-investors, will roll its entire stake in the company. The purchase price values AGA’s total look-through investment in Thoughtworks at c.€54m (c.€27m via Apax IX and c.€27m via Apax XI). The transaction is expected to close in Q4 2024. Total proceeds received by APAX to date from Apax IX’s investment in Thoughtworks stand at c.€73m.
Written By Andrew Courtney

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