M&A Deal Summary

Apax Acquires ThoughtWorks

On August 23, 2017, private equity firm Apax acquired information technology company ThoughtWorks

Acquisition Highlights
  • This is Apax’s 15th transaction in the Information Technology sector.
  • This is Apax’s 70th transaction in the United States.
  • This is Apax’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2017-08-23
Target ThoughtWorks
Sector Information Technology
Buyer(s) Apax
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Goldman Sachs (Financial)
Nixon Peabody LLP (Legal)

Target

ThoughtWorks

Chicago, Illinois, United States
website
ThoughtWorks is a global software consultancy and a community of passionate, purpose-led individuals. The company is a provider in the implementation of cutting-edge software development techniques such as Agile Development, which lower development costs and time-to-market for its clients. ThoughtWorks was established in 1993 and is based in Chicago, Illinois.

Search 192,860 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from €1 to €5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 187 of 246
Sector (Information Technology) 15 of 27
Type (Buyout (LBO, MBO, MBI)) 52 of 57
State (Illinois) 2 of 3
Country (United States) 70 of 95
Year (2017) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-14 ECI Software Solutions

Fort Worth, Texas, United States

ECI Software Solutions is a provider of industry-specific business software solutions and services, focusing on cloud-based technologies. ECI has served small to medium-sized manufacturing, wholesale/retail distribution, building and construction, and field service organizations. ECI Software Solutions was founded in 1998 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 Matchesfashion

London, United Kingdom

Matchesfashion is a luxury online retailer, engaging with its customers online, in-store, via its app, and at its pioneering retail and broadcasting destination, 5 Carlos Place. It delivers to over 176 countries and offers 24/7 advice through its fashion concierge team MyStylist. Matchesfashion was founded in 1987 and is based in London, United Kingdom.

Buy -
Mergr

Product

Company

Legal