Singaporean investment values Manchester software firm BluJay at $700m

Global supply chain software firm BluJay Solutions has secured investment from Singaporean wealth fund Temasek.

The deal, valuing BluJay at $700m (£517m), will give the company leverage for international growth as it extends its software and service capabilities.

When combined with a financing facility BluJay secured recently, the transaction provides the firm with access to over $500m (£370m) of capital earmarked for future acquisitions.

Doug Braun, chief exec of BluJay, which has its UK headquarters in Manchester, said: “Our objective is to become the world’s premier supply chain network, moving products around the world with ever greater efficiency.

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

BluJay is backed by private equity firm Francisco Partners.

Deep Shah, Francisco co-president and chairman of BluJay’s board of directors, commented: “We are excited to have Temasek as an investment partner.

“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 to Francisco Partners on the deal.

Law firm Fried, Frank, Harris, Shriver & Jacobson acted for BluJay. Temasek received legal advice from Debevoise & Plimpton.

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