BluJay gets strategic minority investment from Telasek
Manchester-headquartered BluJay Solutions which delivers supply chain software services to the world’s most progressive retailers and distributors, has been received a minority investment from Temasek, an investment company headquartered in Singapore.
The transaction values BlueJay at about $700m and combined with the recently-announced financing facility, gives the company access to more than $500m of capital to purse its strategic ambitions.
Francisco Partners will continue to control BluJay and together with Temasek will help BluJay management to accelerate growth and further internationalise the business.
BluJay, has about 1,000 employees and serves more than 7,000 customers worldwide
“Our objective is to become the world’s premier supply chain network, moving products around the world with ever greater efficiency,” said Doug Braun, BluJay’s chief executive. “Our relationship with Temasek will allow us to invest more aggressively by building on our innovative platform and entering new markets.”
“We are excited to have Temasek as an investment partner,” said Deep Shah, chairman of the BluJay and co-president at Francisco Partners. “We believe they will add tremendous value to the business and together we will bring our experience, knowledge, and guidance to help BluJay on its continued exciting journey.”
Arma Partners acted as financial adviser to Francisco Partners. Fried, Frank, Harris, Shriver & Jacobson were legal advisers to BluJay. Debevoise & Plimpton were legal advisers to Temasek.
