Announced
Completed
Financials
Tags
software consultancy
Minority
Friendly
Software
Single Bidder
Private Equity
Acquisition
Completed
IT management consulting
Private
United States
Cross Border
Synopsis
A consortium of investors including GIC, Siemens, Fidelity Management and Research, and Mubadala Investment Company, completed the acquisition of a minority stake in ThoughtWorks, a software consultancy firm, for $720m. "This placement is a very positive indicator of how strong our company and brand are perceived in the market. It's wonderful that GIC, Siemens, Fidelity and Mubadala see ThoughtWorks to be a strong investment and this is an endorsement of the strength and relevance of our business and people," Guo Xiao, ThoughtWorks President and CEO.
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