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
01-14-21 1300ET