The global investment firm is providing transportation and trade software provider BluJay Solutions with a $500 million financing facility, after investing in fellow logistics tech firms Transplace, LLamasoft, and Transporeon.
The global logistics and trade automation software provider BluJay Solutions has secured a financing facility of up to $500 million from TPG Specialty Lending and BlueBay Asset Management’s Private Debt Group, the company said in a statement Monday.
BluJay, which rebranded after its constituent companies Kewill and LeanLogistics merged in early 2017, provides transportation, warehouse, parcel, yard, and global trade management software. The company said it would use the facility to fund expansion of its Global Trade Network of customers, partners, and suppliers, and finance acquisitions.
“Our Global Trade Network has been widely accepted by companies around the globe,” said BluJay Solutions Chief Executive Officer Doug Braun. “They understand the power and vision of bringing thousands of supply chain participants into a single network and workflow. We are winning more deals because our Global Trade Network is resonating, and this new financing will allow us to accelerate our expansion plans.”
The company said it has added 269 new customers in 18 countries on four continents over the last 18 months.
TPG Speciality Lending is the direct credit investment platform of the global investment firm, TPG Capital, which last week acquired the non-asset based transportation management services and logistics technology solutions provider Transplace.
TPG has also made significant investments in supply chain design software provider LLamasoft and transportation management software company Transporeon over the last year.
TPG continues logistics software spree with BluJay investment
