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.