M&A Deal Summary

BluJay Solutions Acquires Four Soft

On October 9, 2013, BluJay Solutions acquired software company Four Soft from Kotak Private Equity Group for 43M USD

Acquisition Highlights
  • This is BluJay Solutions’ 1st transaction in the Software sector.
  • This is BluJay Solutions’ 2nd largest (disclosed) transaction.
  • This is BluJay Solutions’ 1st transaction in India.

M&A Deal Summary

Date 2013-10-09
Target Four Soft
Sector Software
Buyer(s) BluJay Solutions
Sellers(s) Kotak Private Equity Group
Deal Type Add-on Acquisition
Deal Value 43M USD

Target

Four Soft

Hyderabad, India
Four Soft is a software products and solutions company offering enterprise solutions built on contemporary technologies to the transportation and logistics (T&L) industry and supply chain execution solutions to the manufacturing industry.

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Buyer(S) 1

Buyer

BluJay Solutions

Holland, Michigan, United States

Category Company
Founded 1972
Sector Software
DESCRIPTION

BluJay Solutions is a provider of cloud-based, logistics execution platform. BluJay Solutions was founded in 1972 and is based in Holland, Michigan.


DEAL STATS #
Overall 2 of 10
Sector (Software) 1 of 8
Type (Add-on Acquisition) 2 of 8
Country (India) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-11 Minihouse The Customs Company B.V.

Heerenveen, Netherlands

Minihouse The customs company (Minihouse TCC) develops and supplies software for exporting and importing businesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 IBM - Sterling Transportation Management System

Armonk, New York, United States

IBM's Sterling Transportation Management System is a SaaS-based transportation management system [TMS]. Business comprises transportation management system and is located in the United States.

Buy -

Seller(S) 1

SELLER

Kotak Private Equity Group

Mumbai, India

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Kotak Private Equity Group (KPEG) is the private equity investment arm of financial services firm, Kotak Mahindra Group. KPEG looks to invest $20 to $40 million in a variety of mid-sized Indian companies to support expansion, acquisitions, or buyouts KPEG targets businesses with strong management and growth potential operating in fragmented industries. Sectors of interest include life science, retail, media/entertainment, light manufacturing, agriculture, food processing, healthcare, distribution, and IT/software. Kotak is based in Mumbai.


DEAL STATS #
Overall 6 of 9
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (India) 6 of 9
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-10 Minda

Noida, India

Minda Corporation Ltd. is an automotive components manufacturer with operations across India and Europe spread over 20 plants. Apart from strategically located factories near the important auto hubs in India, it also has operations in Germany, Poland, Czech Republic. It is the market leader in India with respect to supplying Automotive Security Systems to two wheeler OEMs. It also supplies products like Connective Systems, Plastic interior parts and Die-Casting products to various auto OEMs. MCL caters to large and marquee customers including Bajaj Auto, Tata Motors, TVS Motors, Mahindra & Mahindra, Daimler Benz, Audi, Volkswagen and Fiat.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-02 ING Vysya Bank

Bengaluru, India

ING Vysya Bank is one of the oldest private sector banks in India with an 81 year long history offering a wide variety of wholesale, retail and private banking products and services over two million customers. ING is amongst the top 10 largest private sector banks in India in terms of deposits and advances.

Sell -