Advised BluJay Solutions, a provider of supply chain software and services backed by Francisco Partners, on its strategic minority investment from Temasek, valuing the company at $700m
Sep 2017
(a portfolio company of Francisco Partners)
strategic minority investment by
$700 million
  • Sector: Application Software; Industrial Tech
  • Deal Type: Private Equity Deals
  • Engagement type: Sellside
  • Size: $700 million
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Arma Partners is pleased to announce that it has acted as financial advisor to Francisco Partners on the strategic minority investment in BluJay Solutions from Temasek, an investment company headquartered in Singapore. The transaction values BluJay at approximately $700 million and, combined with the recently announced financing facility, gives the company access to over $500 million of capital to pursue its strategic ambitions. Francisco Partners will continue to control the company and together with Temasek help BluJay management accelerate growth, extend solution capabilities and further internationalise the business.

BluJay delivers supply chain software and services to the world’s most progressive retailers, distributors, freight forwarders, manufacturers and logistics service providers. The company has approximately 1,000 employees and serves over 7,000 customers worldwide.

This transaction highlights Arma Partners’ deep expertise in enterprise software and track record of advising our clients on landmark cross-border deals.

– BluJay Solutions is a leading provider of SCM software solutions with the world’s largest global trade network connected to over 40,000 partners

– The company employs more than 1,000 people and serves more than 7,500 customers worldwide, including 32 of the top 40 Logistics Services Providers and 24 of the top 25 forwarders globally

– Its customers include global retailers, distributors, freight forwarders, manufacturers and logistics service providers

– Temasek is a global sovereign wealth fund of the Government of Singapore specialised in growth capital, restructuring and divestiture transactions

– Temasek seeks to invest in innovation-related businesses and is sector agnostic with extensive experience in the TMT space

– Selected technology investments include Global Healthcare Exchange (GHX), IntApp, Sprinklr, Markit and Jasper Wireless

– Due to its long term perspective and flexible investment mandate, and its well established presence in Asia, Temasek is the ideal partner to BluJay and Francisco Partners

– The addition of Temasek as an investor provides additional strategic and financial resources to further accelerate BluJay’s growth, extended solution capabilities and greater internationalisation

– Temasek’s investment will allow BluJay to invest more aggressively by building on its innovative platform and entering new markets

– Temasek’s successful track record of investing in differentiated technology companies led by strong management teams and deep global relationships, particularly in Asia, will help the company and its stakeholders create value

– Arma Partners had maintained a close strategic advisory relationship with Francisco Partners over several years and, following a few unsolicited approaches for BluJay, was engaged to run a highly confidential, focused sale process for the company

– Arma carefully selected the most credible strategic and PE buyers while ensuring a suitable mix of majority and minority investors, leaving both options open for the shareholders

– Arma supported Francisco Partners and the company preparing the marketing materials, financial model, due diligence, deal tactics and interactions with buyers

– Arma’s deep domain expertise, intimate understanding of the buyer universe and top-notch execution capabilities were integral to the transaction, which demonstrates Arma’s leadership in advising companies in the enterprise software sector