This amended and restated mutual nondisclosure agreement this agreement, by and between jda software group, inc. This modal can be closed by pressing the escape key or activating the close button. Concurrently with the equity investment, jda also refinanced its indebtedness. Honeywell reportedly in talks to acquire jda software. Find a distributor blog new capital to fuel jdas innovation. New mountain capital in talks to acquire jda software for. But jdas majority stakeholder, new mountain capital, chose instead to accept. The firm is based in new york city and was founded in 2000 by steven b.
Jda software group announced on friday that private equity. Aug 19, 2016 fried frank acted as counsel to new mountain capital, which along with funds managed by blackstone nyse. Blackstone group lp has offered a financing plan to help debtladen u. Jda software the only company positioned as a leader in all three gartner magic quadrants focused on supply chain solutions new mountain capital 2020 contact. Jdas parent company, the private equity firm new mountain capital. It offers solutions for supply chain management, workforce management, and in store productivity solutions. Bx and new mountain capital nmc to effect a recapitalization of the company through.
Jdas majority owner, buyout firm new mountain capital llc, now has to. The new capital will be used to fuel jdas product innovation. The new capital will be used to fuel jdas product innovation and growth plans to deliver next generation cloudbased solutions and accelerate. Datasets available include lcsh, bibframe, lc name authorities, lc classification, marc codes, premis vocabularies, iso language codes, and more. This includes data values and the controlled vocabularies that house them.
Blackstone agrees to new mountain capital proposal to back. New mountains credit strategy applies the firms defensive growth industry approach to the debt portion of the capital structure. New mountain also backed software company redprairie corp. Caldwell has served as a director since march 2010. Bx completed an agreement with jda software group, inc. In 2010, new mountain identified redprairie one of the three global leaders in the supply chain software space, focused on supply chain execution solutions as part of a multiyear, proactive deep dive in the software sector, building upon the firms prior work and experience with deltek, inc. New mountain capital llc, jdas majority owner, has previously contemplated a sale of the company to private equity firms, and a source said yesterday that there is no guarantee that. Jda software the only company positioned as a leader in all three gartner magic quadrants focused on supply chain solutions. Oct, 2016 about new mountain capital new mountain capital is a new york based investment firm that emphasizes business building and growth, rather than debt, as it pursues longterm capital appreciation. New mountain capital, united states acquire within the meaning of article 31b of the merger regulation joint control of the whole of the undertaking redprairie holding, inc. Blackstone group lp is contemplating a proposal by new mountain capital that could give it a minority stake in jda software group inc. Mountain s credit strategy applies the firms defensive growth industry approach to the debt portion of the capital structure. The new capital will be used to fuel jdas product innovation and growth plans to deliver next generation cloudbased solutions and accelerate opportunities. Jda software is the leading provider of supply chain, manufacturing planning, retail planning, store operations and collaborative category management solutions.
Cotsakos currently serves on the board of directors of jda software, inc. Fried frank acted as counsel to new mountain capital, which along with funds managed by blackstone nyse. New mountain capital is nearing a deal to buy business software provider jda software group inc. In 2010, new mountain identified redprairie one of the three global leaders in the supply chain software space, focused on supply chain execution solutions as part of a multiyear, proactive deep dive in the software sector, building upon the. New mountain capital to partner with sparta systems. Jda is the leading provider of endtoend, integrated retail, omnichannel and supply. Jda reported 11percent revenue growth for the fourth quarter of 2017 and percent growth for the first quarter of 2018, compared to the same periods a year earlier. It is also 16 percent above jdas recordhigh stock price.
Blackstone challenges honeywell with jda financing. The linked data service provides access to commonly found standards and vocabularies promulgated by the library of congress. Our endtoend digital fulfillment platform powers seamless commerce for the worlds leading companies enabling them to intelligently serve customers at the power of now. Jda software chief bal dail steps down dc velocity. At the time, jda was rumored to be on the verge an acquisiton by honeywell international inc. This acquisition will enable redprairie to accelerate its growth rate while enhancing its commitment to customer success, it said. Lawrence jackson, senior advisor, new mountain capital.
Amended and restated mutual nondisclosure agreement. Charts can be found on various organization profiles and on hubs pages, based on data availability. Limited guarantee delivered by new mountain partners iii, l. Jda s innovative solutions and unmatched industry expertise help companies streamline their supply chain, optimize inventory, labor and customer. From april 2001 to december 2004, caldwell worked at peoplesoft, serving as senior vice president and chief marketing officer from april 2001 to january 2002, and as executive vice president and chief marketing officer from january 2002 to. Blackstone agrees to new mountain capital proposal to back jda. Redprairie, united states, which owns jda software group, inc.
He is a director of jda software, legends hospitality, onedigital, sparta. Blackstone mulls new mountain capital proposal to back jda. The new capital will be used to fuel jdas product innovation and growth plans to. Jdas majority owner, buyout firm new mountain capital llc, now has to decide whether to sell the company outright to honeywell for. In todays unpredictable world, time is truly the new currency. The company has more than 4,000 companies as customers in. Aug 08, 2016 jda softwares majority owner, buyout firm new mountain capital llc, has already explored a sale of the company to private equity firms, and there is no certainty its latest talks with honeywell. Redprairie is owned by the private equity firm new mountain capital, which purchased the enterprise software maker in 2010. A sale of supply chain software firm jda software group inc. Jda announces equity investment from blackstone and new.
Investment accelerates jdas next phase of continued innovation, customer service excellence and growth, reduces jdas total debt and lowers cash. Bx and new mountain capital nmc to effect a recapitalization of the company through a. Aug 19, 2016 scottsdalebased jda software group inc. Private equity firm new mountain capital, jdas parent, said today that it will. New mountain capital llc, jdas majority owner, has previously contemplated a sale of the company to private equity firms, and a source said yesterday that there is no guarantee that talks with honeywell. Jda softwares majority owner, buyout firm new mountain capital llc, has already explored a sale of the company to private equity firms, and there is no certainty its latest talks with honeywell. Pete masucci is managing director at new mountain capital llc. New mountain capital is a new york based investment firm that emphasizes business building and growth, rather than debt, as it pursues longterm capital appreciation. New mountain s private equity strategy seeks to acquire the highest quality leaders in carefully selected growth industries. The company was founded in 1975 and is headquartered in scottsdale, az. The ceo of supply chain technology firm jda software group inc.
829 1416 1373 1095 1508 1074 1415 700 1060 1021 743 217 1332 127 372 249 1252 356 1123 120 618 508 790 1539 265 111 129 1070 1258 1312 1307 525 557 791 500 643 498