M&A Deal Summary

E2open Acquires BluJay Solutions

On May 27, 2021, E2open acquired software company BluJay Solutions from Temasek Holdings and Francisco Partners for 1.7B USD

Acquisition Highlights
  • This is E2open’s 5th transaction in the Software sector.
  • This is E2open’s largest (disclosed) transaction.
  • This is E2open’s 11th transaction in the United States.
  • This is E2open’s 1st transaction in Michigan.

M&A Deal Summary

Date 2021-05-27
Target BluJay Solutions
Sector Software
Buyer(s) E2open
Sellers(s) Temasek Holdings
Francisco Partners
Deal Type Add-on Acquisition
Deal Value 1.7B USD
Advisor(s) Goldman Sachs
Lazard Ltd. (Financial)
Latham & Watkins (Legal)

Target

BluJay Solutions

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

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Buyer(S) 1

Buyer

E2open

Austin, California, United States

Category Company
Founded 2000
Sector Software
Employees3,916
Revenue 635M USD (2024)
DESCRIPTION

E2open is a provider of cloud-based, on-demand software solutions enabling enterprises to procure, manufacture, sell, and distribute products more efficiently through collaborative planning and execution across global trading networks. E2open was founded in 2000 and is based in Austin, Texas.


DEAL STATS #
Overall 13 of 14
Sector (Software) 5 of 5
Type (Add-on Acquisition) 12 of 13
State (Michigan) 1 of 1
Country (United States) 11 of 12
Year (2021) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 Averetek

Edmonds, Washington, United States

Averetek, Inc. is the most active provider of channel marketing automation software in the world with over 400,000 users from 80,000 channel partner organizations in 160 countries. Averetek is the partner-led demand generation engine for leading brands like SAP, Pure Storage, Splunk, SonicWALL, and Avalara.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-03 Logistyx

Rolling Meadows, Illinois, United States

Logistyx provides transportation execution systems and multi-carrier shipping software solutions. The Company expands delivery options and provides business intelligence to improve the delivery experience and drive loyalty through customer satisfaction. Logistyx was formed in 2017 and is based in Schaumburg, Illinois.

Buy $185M

Seller(S) 2

SELLER

Temasek Holdings

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1974
PE ASSETS 496.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Temasek Holdings is a state-owned investment holding company. Temasek is owned by the government of Singapore and invests directly and indirectly in a broad range of assets and sectors. Target sectors include financial services, telecommunications, media, technology, transportation, industrials, life science, consumer, real estate, energy, and resources. Temasek was formed in 1974 and is based in Singapore.


DEAL STATS #
Overall 9 of 12
Sector (Software) 1 of 2
Type (Add-on Acquisition) 3 of 5
State (Michigan) 1 of 1
Country (United States) 3 of 6
Year (2021) 2 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Stem

San Francisco, California, United States

Stem is a provider of commercial energy storage systems. Stem delivers innovative technology services that transform the way energy is distributed and consumed. Through its AI platform Athena, Stem powers the largest, most reliable network of energy storage systems in the world. Stem was founded in 2009 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Intapp

Palo Alto, California, United States

Intapp provides software and services that enable professional services and capital markets firms to thrive in an increasingly competitive marketplace, enhancing their ability to win more business, operate efficiently, manage risk and drive project and client success. Intapp offer a professional services platform – purpose-built for this industry – spanning the entire client life cycle, with solutions for client development, business acceptance and client delivery. Intapp was founded in 2000 and is based in Palo Alto, California.

Sell -
SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 70 of 81
Sector (Software) 25 of 28
Type (Add-on Acquisition) 45 of 49
State (Michigan) 1 of 2
Country (United States) 56 of 67
Year (2021) 4 of 10
Size (of disclosed) 3 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 HealthcareSource

Woburn, Massachusetts, United States

HealthcareSource is a provider of human-resources software services and solutions to the healthcare industry. The HealthcareSource Quality Talent Suite helps healthcare organizations recruit, develop, and retain the best workforce possible in order to improve the patient and resident experience. The company’s cloud-based talent management solutions include applicant tracking, behavioral assessments, reference checking, employee performance, compensation, competency and learning management, and eLearning courseware. HealthcareSource is based in Woburn, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-25 Plex Systems

Auburn Hills, Michigan, United States

Plex Systems is the developer of Plex Online, a Cloud ERP solution for the manufacturing enterprise. Plex Online offers industry-leading features for virtually every department within a manufacturer, including Manufacturing Execution System (MES) and Quality Management System (QMS) for the shop floor, Supply Chain Management (SCM) for procurement, Enterprise Resource Planning (ERP) for finance and management, and Business Intelligence (BI) for executive management. Plex Online’s comprehensive functional coverage delivers a “shop floor to top floor” view of a manufacturer’s operations, enabling management to run its business at maximum efficiency.

Sell $2.2B