ThoughtWorks’ $720 Million Investment


Kirkland & Ellis advised ThoughtWorks on the deal.

ThoughtWorks, a global software consultancy and a portfolio company of funds advised by Apax Partners, closed a $720 million investment by GIC, Siemens AG, Fidelity Management and Research LLC, and Mubadala Investment Company, which valued ThoughtWorks at an enterprise value of $4.6 billion.

Proceeds from the investment will be used to repurchase equity from existing investors.

The Kirkland team was led by transactional partners Srinivas Kaushik (Picture) and Kyle Elder and associates Adarsh Varghese and Amanda Gottlieb, and tax partners Jared Rusman and Ryan Roberts.

Involved fees earner: Kyle Elder – Kirkland & Ellis; Amanda Gottlieb – Kirkland & Ellis; Srinivas Kaushik – Kirkland & Ellis; Ryan Roberts – Kirkland & Ellis; Jared Rusman – Kirkland & Ellis; Adarsh Varghese – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: ThoughtWorks;

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Author: Ambrogio Visconti