On Aug. 5, 2024, Thoughtworks, a global technology consultancy, announced that it has entered into a definitive merger agreement pursuant to which an affiliate of funds advised by Apax Partners LLP (“Apax” and such funds, the “Apax Funds”) will purchase all of the outstanding shares of Thoughtworks common stock that they do not already own, implying a total enterprise value of approximately $1.75 billion for Thoughtworks. Kramer Levin advised the special committee of the Board of Directors of Thoughtworks in reviewing and approving the deal.