Logility to be Acquired by Aptean in a $14.30 per Share Deal
Deal News | Jan 28, 2025 | TA Associates
Aptean, backed by TA Associates, Insight Partners, Charlesbank, and Clearlake, has announced a definitive agreement to acquire Logility Supply Chain Solutions for $14.30 per share, marking a 27% premium on its share price. Logility, a leader in AI-based supply chain management software, will strengthen Aptean's comprehensive offering, providing strategic and financial benefits through enhanced resource access and combined technologies. The acquisition, pending shareholder and regulatory approval, is expected to close in Q2 2025. Logility's transition to a private entity aims to streamline its long-term strategic focus.
Sectors
- Enterprise Software
- Private Equity
- Supply Chain Management
Geography
- United States – Logility is headquartered in Atlanta, Georgia, and the acquisition involves companies operating primarily in the U.S. market.
Industry
- Enterprise Software – The acquisition involves companies that specialize in providing enterprise-level software solutions focused on supply chain management.
- Private Equity – TA Associates and other private equity firms are backing Aptean in its acquisition strategy, which illustrates the involvement of investment firms in the transaction.
- Supply Chain Management – Logility is a leader in supply chain management solutions, which is a critical part of the acquisition focus.
Financials
- $14.30 per share – The purchase price per share for Logility's outstanding common stock in the acquisition deal.
- 27.0% premium – Premium over the closing share price of Logility as of January 23, 2025.
- 28.4% premium – Premium over the 30-day volume-weighted average share price as of January 23, 2025.
- 30.1% premium – Premium over the unaffected Logility closing share price on December 6, 2024.
- 34.1% premium – Premium over the 30-day volume-weighted average share price as of December 6, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aptean | Acquiring Company | Company | A global provider of enterprise software solutions backed by multiple private equity firms. |
| Logility Supply Chain Solutions, Inc. | Target Company | Company | A publicly traded company specializing in AI-powered supply chain management software. |
| TA Associates | Private Equity Firm | Company | A private equity firm supporting Aptean in the acquisition of Logility. |
| Insight Partners | Investor | Company | One of the investors backing Aptean's acquisition of Logility. |
| Charlesbank Capital Partners | Investor | Company | A private equity firm investing in the acquisition strategy of Aptean. |
| Clearlake Capital Group, L.P. | Investor | Company | A private equity firm supporting Aptean in the acquisition deal. |
| Lazard | Financial Advisor | Company | Serving as financial advisor to Logility for the acquisition. |
| Jones Day | Legal Counsel | Company | Providing legal counsel to Logility in the transaction. |
| Orrick | Legal Counsel | Company | Serving as legal counsel to Aptean for the acquisition. |