Simpson Thacher is representing Blue Yonder Holding, Inc. (“Blue Yonder”) and certain of its shareholders that are affiliated with funds managed by Blackstone (“Blackstone”) in connection with the announced secondary sale of shares of Blue Yonder to Panasonic Corporation (“Panasonic”). The sale values Blue Yonder at an enterprise value of $5.5 billion. As a result of the transaction, Panasonic will have a 20% minority ownership stake in Blue Yonder, and entities affiliated with New Mountain Capital (“New Mountain”) and Blackstone will continue to be majority shareholders. New Mountain will retain a majority of its original investment and Blackstone will continue to hold its full investment in Blue Yonder.
Blue Yonder (formerly JDA Software), headquartered in Scottsdale, Arizona, is a provider of end-to-end digital fulfillment platform helping more than 3,300 of the world’s leading manufacturers, retailers and logistics companies create more autonomous, sustainable and profitable operations.
The Simpson Thacher team includes Mark Pflug, Ben Schaye, Jun Won Kim and Tarra Theisen (M&A); Jonathan Goldstein (Tax); Larry Moss and Alisa Tschorke (Executive Compensation and Employee Benefits); Brian Gluck (Credit); Peter Guryan and Richard Jamgochian (Antitrust); and Lori Lesser (Intellectual Property).