M&A Deal Summary

Panasonic Acquires Blue Yonder

On April 23, 2021, Panasonic acquired software company Blue Yonder from The Blackstone Group and New Mountain Capital for 8.5B USD

Acquisition Highlights
  • This is Panasonic’s 5th transaction in the Software sector.
  • This is Panasonic’s largest (disclosed) transaction.
  • This is Panasonic’s 11th transaction in the United States.
  • This is Panasonic’s 1st transaction in Arizona.

M&A Deal Summary

Date 2021-04-23
Target Blue Yonder
Sector Software
Buyer(s) Panasonic
Sellers(s) The Blackstone Group
New Mountain Capital
Deal Type Add-on Acquisition
Deal Value 8.5B USD

Target

Blue Yonder

Scottsdale, Arizona, United States
website
Blue Yonder is end-to-end, digital fulfillment platform provider in artificial intelligence and machine learning (AI/ML) driven supply chain and retail solutions for 4,000 of the world’s leading retail, manufacturing and logistics companies. Blue Yonder enables an Autonomous Supply ChainTM by connecting its cognitive SaaS solutions from end-to-end — across planning, execution and delivery — with a broad partner ecosystem, empowering customers to better predict and shape demand, transform their product delivery and deliver outstanding customer experiences. Blue Yonder’s world-class client brands include 75 of the top 100 retailers, 77 of the top 100 consumer goods companies, and 8 of the top 10 global 3PLs. Blue Yonder was founded in 1985 and is based in Scottsdale, Arizona.

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Buyer(S) 1

Buyer

Panasonic

Kadoma, Japan

website


Category Company
Founded 1918
Sector Electronics
Employees240,786
Revenue 7,388.8B JPY (2022)
DESCRIPTION

Panasonic is a manufacturer of electronics. It manufactures and markets a wide range of products under the Panasonic brand to enhance and enrich lifestyles all around the globe. Panasonic was founded in 1918 and is based in Kadoma, Japan.


DEAL STATS #
Overall 18 of 18
Sector (Software) 5 of 5
Type (Add-on Acquisition) 15 of 15
State (Arizona) 1 of 1
Country (United States) 11 of 11
Year (2021) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 Universal Lighting Technologies

Nashville, Tennessee, United States

Universal Lighting Technologies is a designer and manufacturer of ballasts and controls for commercial lighting applications. It offers electronic linear fluorescent ballasts, compact fluorescent ballasts, energy management and controllable lighting products, architectural dimming products, HID ballasts, lamp and lamp holders, LED products, and sign ballasts.

Sell -

Seller(S) 2

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 151 of 170
Sector (Software) 4 of 6
Type (Add-on Acquisition) 57 of 66
State (Arizona) 2 of 2
Country (United States) 91 of 102
Year (2021) 7 of 16
Size (of disclosed) 5 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 Sabre Industries

Alvarado, Texas, United States

Sabre Industries is a producer of highly engineered products used for electric transmission and distribution and wireless telecommunications, offering a complete customer solution with a full range of engineered towers, poles, structures, and related services. The Company's vast array of product offerings, services, and extensive manufacturing capabilities has allowed Sabre to develop leading positions with a high-quality, diversified group of customers including the nation's largest utilities and wireless communications firms.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 eOne Music

New York City, Ontario, Canada

eOne Music is an independent record label and music management company. eOne Music was formed in 2009 and is based in New York City.

Buy $385M
SELLER

New Mountain Capital

New York, New York, United States

website


Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 36 of 45
Sector (Software) 5 of 7
Type (Add-on Acquisition) 16 of 22
State (Arizona) 1 of 1
Country (United States) 33 of 42
Year (2021) 5 of 9
Size (of disclosed) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 HomeX

Manteca, California, United States

HomeX is a home services platform for both homeowners and service providers, improving the complex and fragmented home services industry. HomeX is making home maintenance less complicated for homeowners by providing quick, trusted solutions for issues that arise related to heating, cooling, plumbing, electrical systems and appliances.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Pivvot

Kansas City, Missouri, United States

Pivvot is a software company that delivers intelligent asset management systems to infrastructure organizations. Pivvot streamlines projects with geospatial location intelligence, including renewable energy siting and suitability, electric transmission and pipeline routing, environmental impact analysis, and custom data acquisition. Pivvot was founded in 2018 and is based in Kansas City, Missouri.

Sell -