E2open Parent Holdings Inc - Ordinary Shares - Class A

NYSE:ETWO  
12.07
-0.27 (-2.19%)
4:00:00 PM EDT: $12.06 -0.01 (-0.08%)
Other Pre-Announcement, Mergers / Acquisitions

Press Release - E2open To Combine With Blujay Solutions, A Leading Cloud-Based, Logistics Execution Platform

Published: 05/27/2021 11:07 GMT
E2open Parent Holdings Inc - Ordinary Shares - Class A (ETWO) - Press Release - E2open to Combine With Blujay Solutions, a Leading Cloud-based, Logistics Execution Platform.
E2open Parent Holdings Inc - Transaction Represents Implied Enterprise Value of $1.7 Billion.
E2open Parent - Combined Business Projected to Have Annualized Pro Forma FY22 Revenue of Over $550 Million and Over $200 Million in Adjusted EBITDA.
E2open Parent - Blujay Shareholders Will Receive About 60% of Consideration in Equity, Resulting in About 22% Pro Forma Ownership of Combined Co.
E2open Parent Holdings Inc - Combined Company Will Deliver Pro Forma Organic Revenue Growth Greater Than 10% in Fiscal Year 2023.
E2open Parent - Expects Mid-teens FCF per Share Accretion on a Pro Forma Basis Over Next 12 Months From Deal.
E2open Parent - to Acquire Blujay Solutions for 72.4m Shares of Class A Common Stock & About $760m of Cash, Which Includes Repayment of Debt.
E2open Parent - Some of Blujay's Current Shareholders, Francisco Partners & Temasek, Will Have Right to Appoint 1 Director Each to Co's Board After Closing.
E2open Parent - Secured $300 Million in Common Equity Pipe From Investors Including Neuberger Berman, Windacre Partnership, Eminence Capital, Xn.
E2open Parent - to Finance Transaction, Has Secured $380 Million Fully Committed Incremental Tack-on to Its First Lien Term Loan.