Latham & Watkins advised BluJay Solutions, private equity firm Francisco Partners, Temasek, and other selling shareholders on the sale of BluJay to E2open Parent Holdings, Inc. for 72.4 million shares of Class A Common Stock and approximately US$760 million in cash, with an implied enterprise value of US$1.7 billion, including assumption of debt.
BluJay is an integrated SaaS platform with comprehensive solutions for shippers, Logistics Service Providers and freight forwarders. BluJay shareholders will roll approximately 60% of their existing equity, resulting in an approximately 22% pro forma ownership of the combined company.
E2open is a leading network-based provider of a 100% cloud-based, mission-critical, end-to-end supply chain management platform.
Latham’s corporate team was led by London partner Kem Ihenacho, with London partner James Inness, Washington, D.C. partners Cory Tull and Paul Sheridan, and associates Stephanie Daaboul, Jon Fox, Connie Taylor-Cox, Sean Meehan, and Will Temple-Smith.