Back in 2012, TMT invested in the cloud-based work collaboration platform Wrike, through a $1m investment in a convertible debt instrument. Today TMT has announced that its holding in Wrike is the subject of an agreed cash disposal of $22.9m to Vista Equity Partners who have completed a majority investment in Wrike. The total consideration represents a substantial valuation uplift of approximately US$14.5m (or 173%) in the value of TMT's investment in Wrike, compared to its valuation of US$8.
