Buyout firm Apax Partners is reportedly considering a bid to take U.S.-listed technology consultancy Thoughtworks Holding Inc. private, according to Bloomberg News.

Thoughtworks operates in 18 countries and counts more than 12,500 employees. Its clients include Bayer AG, Mercedes-Benz Group AG and Paypal Holdings Inc. Apax has partnered with Canada Pension Plan Investment Board, reported Bloomberg. They are reportedly working with advisers to explore a possible joint offer for the shares they don’t already own in Thoughtworks. Apax bought Thoughtworks in 2017 and listed the company through a Nasdaq IPO in September 2021 and remains its controlling shareholder. Other major shareholders of Thoughtworks include German engineering firm Siemens AG and Singaporean sovereign fund GIC Pte, which both invested before the IPO, according to Bloomberg.