Investment values Manchester software firm at £517m
UK-based supply chain software firm BluJay Solutions has secured investment from a Singaporean wealth fund.
Temasek’s minority investment values BluJay, which is headquartered in Manchester, at $700 million (£517m).
Following a recent financing package it secured recently, the firm now has access to over $500m (£370m) of capital to pursue strategic ambitions.
“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 chief executive.
“Our relationship with Temasek will allow us to invest more aggressively by building on our innovative platform and entering new markets.”
Private equity firm Francisco Partners remains the majority shareholder in BluJay.
Deep Shah, Francisco co-president and chairman of BluJay’s board of directors, said: “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.”