Kirkland & Ellis represented E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of a 100% cloud-based, mission-critical, end-to-end supply chain management platform, on its acquisition of BluJay Solutions, a leading cloud-based, logistics execution platform, in a stock and cash transaction valued at approximately $1.7 billion based on E2open’s stock price as of March 25, 2021. The acquisition of BluJay will materially expand E2open’s supply chain execution capabilities, especially in transportation management. As part of the transaction, E2open has secured $300 million in a common equity PIPE from institutional investors including Neuberger Berman, The WindAcre Partnership, Eminence Capital and XN. The transaction is expected to close during the third quarter of 2021 and is subject to customary closing conditions.
The transaction involved close collaboration across Kirkland’s New York and London offices. In New York, the team was led by corporate partners Lauren Colasacco and Frances Dales and associates Justin Thekkekara and Kim Grinhaus, capital markets partners Michael Kim and Peter Seligson and associate Mathieu Kohmann, tax partners Benjamin Schreiner and Vivek Ratnam and associate Grant Michael Newman, and debt finance associate Marc Weinstein; and in London by corporate partners David Holdsworth and Rachel Greenhalgh and associates Ayca Yilmaz and Dan Simpkin, debt finance partner Kirsteen Nicol, and tax partner Timothy Lowe and associate Lemara Grant.