Logility to be Acquired by Aptean in All-Cash Deal
Deal News | Jan 24, 2025 | Charlesbank Capital
Aptean, a global provider of enterprise software solutions backed by private equity firms TA Associates, Insight Partners, Charlesbank Capital Partners, and Clearlake Capital Group, has announced its definitive agreement to acquire all outstanding shares of Logility Supply Chain Solutions for $14.30 per share in an all-cash transaction. The acquisition marks a significant premium over Logility’s recent trading prices and is positioned as a strategic move to bolster Aptean's capabilities in the AI-powered supply chain management software space. Logility, headquartered in Atlanta, offers advanced supply chain planning solutions across various industries globally with a strong client base. The transaction, unanimously approved by Logility's Board of Directors, is expected to close in the second quarter of 2025, pending shareholder and regulatory approvals. The merger aims to leverage complementary strengths in both companies, promising enhanced offerings and an accelerated growth trajectory for Logility under private ownership. Legal counsel for Aptean is being provided by Orrick.
Sectors
- Enterprise Software
- Supply Chain Management
Geography
- United States – Logility is headquartered in Atlanta, Georgia, US, and Aptean operates globally with involvement from US-based private equity investors.
Industry
- Enterprise Software – The article involves the acquisition of Logility by Aptean, both key players in enterprise software, especially solutions offering supply chain management capabilities.
- Supply Chain Management – Logility specializes in AI-powered supply chain management software, targeting various sectors such as consumer goods and manufacturing.
Financials
- $14.30 per share – Purchase price per share for Logility in the acquisition by Aptean.
- 27% premium – The premium over Logility's closing share price as of January 23, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aptean | Bidding Company | Company | A global provider of mission-critical enterprise software solutions acquiring Logility. |
| Logility | Target Company | Company | An AI-powered supply chain management solutions provider being acquired by Aptean. |
| Charlesbank Capital Partners | Investor in Aptean | Company | One of the private equity firms backing Aptean's acquisition of Logility. |
| TA Associates | Investor in Aptean | Company | Private equity firm backing Aptean, involved in strategic guidance and funding. |
| Insight Partners | Investor in Aptean | Company | Equity firm investing in Aptean and providing strategic support. |
| Clearlake Capital Group | Investor in Aptean | Company | A key private equity firm behind Aptean's growth strategy. |
| Orrick | Legal Advisor | Company | Providing legal counsel to Aptean in its acquisition of Logility. |