
PE-backed BluJay bolts on Era System
Private equity-backed BluJay, a UK-based provider of supply chain software, has acquired Era System, an Italian customs service.
According to a statement, the acquisition will allow BluJay to extend and consolidate its market position as an integrated customs specialist.
Francisco Partners acquired BluJay – then known as Kewill and listed on the London Stock Exchange – in a £102.7m take-private deal inked in July 2012.
Temasek Capital invested in the company in September 2017 in a deal valuing the business at around $700m. Following the investment, BluJay had around $500m at its disposal to deploy in bolt-on acquisitions as part of its international expansion plans.
Company
Founded in 2012 and based in Genoa, Era delivers customs services to help companies navigate the Italian import and export markets.
People
BluJay Solutions – Doug Braun (CEO).
Era System – Raffaele Oneto (founder, CEO).
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