Baker McKenzie has assisted WiseTech Global (ASX:WTC), a leading developer and provider of software solutions to the logistics execution industry globally, in securing US$3bn (A$4.7bn equivalent) in debt funding to support their acquisition of E2open Parent Holdings, Inc. (NYSE:ETWO).
Founded in 2000, e2open is headquartered in Addison, Texas with operations in over 20 countries globally. E2open provides a connected supply chain software platform that enables companies to transform the way they make, move, and sell goods and services and connects more than 500,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 18 billion transactions annually.
Baker McKenzie’s Lead Banking & Finance Partner in Sydney, Bryan Paisley stated: “The strategic transaction of e2open provides global scale and reach for WiseTech, adding adjacent markets, customer bases, and product capabilities.”
Bryan further commented: “Working with nine leading domestic and international banks to establish the syndicated facility has secured the required finance to proceed with the acquisition of e2Open — accelerating WiseTech’s plans to create a multi-sided marketplace connecting asset-based carriers, logistics providers, importers, exporters, shippers and many other logistics and supply chain participants.”
The new facility is structured as a syndicated debt facility comprising multiple tranches with staggered maturities of up to five years, providing funding and cost certainty while maintaining prudent liquidity and balance sheet flexibility.
Bryan was assisted by an Australian team comprising: Stephan Cerni, Leandros Pandoulis, Chloe Collins. Additional support was provided by Baker McKenzie’s London and New York offices which included: Anthony Kay and Serge Diaz (both London), Kevin Whittam (New York) and Lane Morgan (Dallas).
Founded in 2000, e2open is headquartered in Addison, Texas with operations in over 20 countries globally. E2open provides a connected supply chain software platform that enables companies to transform the way they make, move, and sell goods and services and connects more than 500,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 18 billion transactions annually.
Baker McKenzie’s Lead Banking & Finance Partner in Sydney, Bryan Paisley stated: “The strategic transaction of e2open provides global scale and reach for WiseTech, adding adjacent markets, customer bases, and product capabilities.”
Bryan further commented: “Working with nine leading domestic and international banks to establish the syndicated facility has secured the required finance to proceed with the acquisition of e2Open — accelerating WiseTech’s plans to create a multi-sided marketplace connecting asset-based carriers, logistics providers, importers, exporters, shippers and many other logistics and supply chain participants.”
The new facility is structured as a syndicated debt facility comprising multiple tranches with staggered maturities of up to five years, providing funding and cost certainty while maintaining prudent liquidity and balance sheet flexibility.
Bryan was assisted by an Australian team comprising: Stephan Cerni, Leandros Pandoulis, Chloe Collins. Additional support was provided by Baker McKenzie’s London and New York offices which included: Anthony Kay and Serge Diaz (both London), Kevin Whittam (New York) and Lane Morgan (Dallas).
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