• ITVI.USA
    15,496.720
    85.590
    0.6%
  • OTLT.USA
    2.743
    0.003
    0.1%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,466.390
    90.520
    0.6%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,496.720
    85.590
    0.6%
  • OTLT.USA
    2.743
    0.003
    0.1%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,466.390
    90.520
    0.6%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

BluJay snags Temasek minority investment

The Singapore sovereign wealth fund Temasek, which owns terminal operator PSA International, is backing logistics and trade management software provider BluJay Solutions with an investment that values the firm at $700 million.

   BluJay Solutions, a provider of logistics and global trade management software, this week said it has received a minority investment from Temasek, the Singapore sovereign wealth fund.
   Terms of the investment were not disclosed, but BluJay said its majority investor Francisco Partners will maintain control of the company and that the investment valued the company at $700 million.
   In August, BluJay announced a $500 million credit facility from a consortium that included funding from a lending arm of the global investment firm, TPG Capital.
   Temasek has long been involved in the global logistics industry, most notably as the owner of the Singapore-based global terminal operator PSA International. The wealth fund also maintained a significant share of the Singapore-based liner shipping group NOL prior to the sale of liner carrier APL to French rival CMA CGM.
   “Our objective is to become the world’s premier supply chain network, moving products around the world with ever greater efficiency,” BluJay Chief Executive Officer Doug Braun said in a statement. “Our relationship with Temasek will allow us to invest more aggressively by building on our innovative platform and entering new markets.”

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