Singapore’s Temasek picks up minority stake in UK’s BluJay Solutions

An employee walks past a sign for Temasek Holdings Pte at the company's offices in Singapore. Photographer: Munshi Ahmed/Bloomberg

Singapore-based investment firm Temasek has picked up a minority interest in UK global supply chain software firm BluJay Solutions, the company announced on September 25.

The investment from Temasek will help the company as it continues to experience accelerating growth, extended solution capabilities, and greater internationalization, BluJay said in a statement.

Francisco Partners will continue to control the company, which was valued at approximately $700 million with the new investment. The private equity firm since its launch over 17 years ago, has raised over $10 billion in capital and invested in over 200 technology companies.

Combined with the recently announced new financing facility, BluJay now claims to have access to over $500 million of capital earmarked for further acquisitions, the statement added.

“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 CEO. “Our relationship with Temasek will allow us to invest more aggressively by building on our innovative platform and entering new markets.”

BluJay delivers supply chain software and services to some of the world’s most progressive retailers, distributors, freight forwarders, manufacturers, and logistics service providers.

“We are excited to have Temasek as an investment partner,” said 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 on the investment. Debevoise & Plimpton were legal advisors to Temasek.

Also Read:

Singapore: Temasek backs $300m Series C in Taiwanese e-scooter maker Gogoro

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.