May 27, 2021
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
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
E2open is a leading network-based provider
of a 100% cloud-based, mission-critical, end-to-end supply chain management
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.