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
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

Category Company
Founded 1918
Sector Electronics
Employees207,548
Revenue 8.46T JPY (2025)
DESCRIPTION

Panasonic is a manufacturer of electronics. Panasonic 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 19
Sector: Software M&A 5 of 5
Type: Add-on Acquisition M&A Deals 15 of 16
State: Arizona M&A 1 of 1
Country: United States M&A 11 of 11
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 Universal Douglas

Nashville, Tennessee, United States

Universal Douglas 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. Universal Douglas was founded in 1943 and is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 Area Cooling Solutions

Nowa Wieś Wrocławska, Poland

Area Cooling Solutions is a refrigeration equipment manufacturer. Area Cooling Solutions was founded in 1995 and is based in Nowa Wieś Wrocławska, Poland.

Buy -

Seller(S) 2

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B 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, New York.


DEAL STATS #
Overall 154 of 193
Sector: Software M&A 4 of 10
Type: Add-on Acquisition M&A Deals 58 of 74
State: Arizona M&A 2 of 2
Country: United States M&A 93 of 117
Year: 2021 M&A 7 of 16
Size (of disclosed) 5 of 60
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. Sabre Industries was founded in 1977 and is based in Alvarado, Texas.

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

New York City, New York, United States

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

Buy $385M
SELLER

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B 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 1999 and is based in New York, New York.


DEAL STATS #
Overall 36 of 53
Sector: Software M&A 5 of 8
Type: Add-on Acquisition M&A Deals 16 of 24
State: Arizona M&A 1 of 1
Country: United States M&A 33 of 50
Year: 2021 M&A 5 of 9
Size (of disclosed) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 HomeX

Lincoln, Rhode Island, 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. HomeX was founded in 2017 and is based in Lincoln, Rhode Island.

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 -