Apax Partners and Canada Pension Plan Investment Board are considering a potential joint bid to take technology consultancy ThoughtWorks Holding Private.
They are discussing possible offers with advisers for the ThoughtWorks shares they do not own.
The Chicago-based company’s market worth increased to $2.4B after its shares rose by as much as 25% on Tuesday.
- By Monday, the stock had dropped more than 80% from its peak after the IPO in September 2021.
- Siemens AG and GIC Pte are two more significant investors in ThoughtWorks; they both made investments before the IPO.
- With over 12,500 workers and operations in 18 nations, the technology consulting firm serves companies like Paypal Holdings Inc., Mercedes-Benz Group AG, and Bayer AG.
After the Nasdaq IPO, Apax had a majority stake in Thoughtworks, which it acquired in 2017.
