Software Consultancy ThoughtWorks Gets $720 Million Investment
January 14 2021 - 1:15PM
Dow Jones News
By Colin Kellaher
Software consultancy ThoughtWorks Inc. on Thursday said it
received a $720 million investment at an enterprise value of $4.6
billion from four new investors, including a pair of sovereign
wealth funds.
In addition to Singapore's GIC Private Ltd. and Abu Dhabi's
Mubadala Investment Co., the new investors include German
conglomerate Siemens AG and mutual-fund giant Fidelity Management
& Research LLC.
Chicago-based ThoughtWorks said it will use the proceeds to
repurchase equity from existing investors. Private-equity firm Apax
Partners acquired ThoughtWorks in 2017.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 14, 2021 13:00 ET (18:00 GMT)
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