Debevoise & Plimpton LLP is advising Temasek, a shareholder of BluJay Solutions (BluJay), in the sale of BluJay to E2open Parent Holdings Inc. (NYSE: ETWO) for an implied enterprise value of $1.7 billion, including debt. Following the closing, Temasek and other current BluJay shareholders will collectively hold approximately 22% of E2open, and Temasek and another BlueJay shareholder will each have the right to appoint one E2open board member, subject to the terms of the agreement. For more information, please see the company’s press release.
Temasek is an investment company with a net portfolio value of S$306 billion as at 31 March 2020. BluJay is a leading cloud-based, logistics execution platform. E2open is a leading network-based provider of a 100 percent cloud-based, mission-critical, end-to-end supply chain management platform.
The Debevoise team is led by M&A partner Kevin Schmidt and includes associate Dominic Blaxill and capital markets partners Katherine Ashton and Steven Slutzky and associate Javaad Ali, and antitrust partner Tim McIver and counsel Kyra Bromley.