Kirkland Advises Apax Funds on Take Private of Thoughtworks
Kirkland & Ellis advised funds advised by Apax Partners LLP on the $1.75 billion acquisition of global technology consultancy Thoughtworks (Nasdaq: TWKS). The transaction was announced August 5, 2024 and is expected to close in the fourth quarter of 2024, subject to customary closing conditions. The deal has been unanimously recommended by a special committee of the Board of Directors. Apax Funds are buying Thoughworks for $4.40 per share, which represents a 48% premium to the 30-day volume-weighted average price of Thoughtworks’ stock price as of August 2, 2024, the last full trading day prior to the transaction announcement.
Read the transaction press release
The Kirkland team was led by M&A partners Srinivas Kaushik, Sarkis Jebejian, Maggie Flores and Adarsh Varghese; with support from M&A partners Adam Clifford, Jimin He and Matthew Dixon and M&A associates Megha Vyas, James Crisp, Shaquille Taylor, Brandan Matthews and Alex Adamis; capital markets partners Joshua Korff, Julia Danforth and Drew Maliniak; debt finance partner Andrew Idrizovic and associate Adam Mohamed; executive compensation partners Scott Price and Katherine Nemeth and associate Garrick Ehlers; and tax partners Jared Rusman and Adam Kool and associate Joseph Riddle.
