Temasek takes minority stake in PE-backed BluJay Solutions

Temasek has acquired a minority stake in BluJay Solutions Group, a portfolio company of Francisco Partners. According to an announcement on the transaction, the investment puts BluJay at a valuation of about $700 million. Fried Frank and Arma Partners advised Francisco Partners on the sale while Debevoise & Plimpton provided legal counsel to Temasek. BluJay is a provider of supply chain software and services.


Fried Frank acted as counsel to Francisco Partners in relation to the sale of a minority interest in the BluJay Solutions Group to Temasek, an investment company headquartered in Singapore. Francisco Partners will continue to control the company, which was valued at approximately US$700 million. The investment will assist the company as it continues to experience accelerating growth.

Fried Frank also advised Francisco Partners and BluJay Solutions in its new debt financing which raised up to US$500 million. Financing was provided by BlueBay Asset Management and TPG Specialty Lending Europe.

Francisco Partners is a leading global private equity firm, which specializes in technology businesses. BluJay Solutions is a leading provider of supply chain software and services powered by the world’s first Global Trade Network.

The Fried Frank team was led by Dan Oates with the financing elements led by Stuart Brinkworth.

Debevoise & Plimpton were legal advisors to Temasek.