Deals
Apax, Canada Pension Weigh Buyout of $2 Billion IT Firm Thoughtworks
- Private equity firm teams up with CPPIB for potential bid
- Investment funds consider taking US-listed company private
John Graham, president and chief executive officer of Canada Pension Plan Investment Board
Photographer: Bryan van der Beek/BloombergThis article is for subscribers only.
A consortium backed by buyout firm Apax Partners is considering a potential bid to take US-listed technology consultancy Thoughtworks Holding Inc. private, people familiar with the matter said.
Apax has teamed up with Canada Pension Plan Investment Board, according to the people, who asked not to be identified because the information is private. They are working with advisers to explore a possible joint offer for the shares they don’t already own in Chicago-based Thoughtworks, the people said.