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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