MANCHESTER, England, Sept 25 (Bernama-BUSINESS WIRE) -- BluJay Solutions (“BluJay”), a leading provider of supply chain software and services powered by the world’s first Global Trade Network, announced today that Temasek, an investment company headquartered in Singapore, has made an investment in BluJay to help the company as it continues to experience accelerating growth, extended solution capabilities, and greater internationalization.
Francisco Partners will continue to control the company, which was valued at approximately $700 million. Combined with the recently announced new financing facility, BluJay now has access to over $500 million of capital earmarked for further acquisitions.
“Our objective is to become the world’s premier supply chain network, moving products around the world with ever greater efficiency,” says Doug Braun, BluJay's CEO. “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,” says Deep Shah, Chairman of the BluJay Board of Directors 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 and Jefferies were financial advisors, and Fried, Frank, Harris, Shriver & Jacobson were legal advisors to BluJay. Debevoise & Plimpton were legal advisors to Temasek.
About BluJay SolutionsBluJay Solutions delivers supply chain software and services to the world’s most progressive retailers, distributors, freight forwarders, manufacturers, and logistics service providers. Transforming supply chain logistics with the BluJay Global Trade Network, we enable customers to unlock the power of more than 40,000 universally connected partners. With BluJay, companies can achieve greater trade velocity, transform their supply chain economics for disruptive advantage, and see beyond the horizon to optimize their future in the global economy. To learn more, visit:
www.blujaysolutions.com, or follow us on Twitter at
@myblujay and
LinkedIn.
About TemasekIncorporated in 1974, Temasek is an investment company headquartered in Singapore. Supported by 10 offices internationally, Temasek owns a S$275 billion (US$197b, £158b) portfolio as at 31 March 2017, mainly in Singapore and the rest of Asia.
Our portfolio covers a broad spectrum of industries: financial services; telecommunications, media & technology; transportation & industrials; consumer & real estate; life sciences & agriculture; as well as energy & resources. Our investment activities are guided by four investment themes and the long-term trends they represent:
