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Golub Capital Provides USD 950m Facility to Support the Acquisition of Amber Road by E2open
Friday 19 July 2019

19 July 2019 - US-based private debt platform Golub Capital acted as sole lead arranger and administrative agent in providing a USD 950m GOLD facility to support Texas, US-based cloud supply chain management software company E2open's acquisition of New Jersey, US-based cloud-based global trade management solutions provider Amber Road, Inc. (NYSE: AMBR), the firm said.
GOLD financings are Golub Capital One-Loan Debt facilities.
Chicago Merger Sub, Inc., a wholly owned subsidiary of E2open completed an all cash tender offer for all of the outstanding shares of Amber Road common stock, followed by a merger.
As a result of the tender offer and the merger, Amber Road became a privately held subsidiary of E2open, and Amber Road shares have ceased to be traded on the New York Stock Exchange.
Each share of Amber Road common stock that was issued and outstanding prior to the merger (other than excluded and dissenting shares) and not validly tendered in the tender offer has been cancelled and converted into the right to receive an amount in cash equal to USD 13.05, net to the holder thereof, without interest and less any applicable tax withholding.
In March 2018, E2open announced it was looking to engage in discussions regarding E2open's acquisition of all of the outstanding shares of common stock of Amber Road for USD 10.50 per share in cash.
A month later E2open complained that Amber Road's board had not engaged in discussions, so the offer was withdrawn.
E2open said the combination of E2open and Amber Road brings together two complementary platforms to create a premier global trade management network solution, enhancing customers' ability to operate their entire end-to-end supply chains from one place in the cloud.
Amber Road's capabilities will be integrated with E2open's platform of intelligent applications for logistics and trade management. With the addition of Amber Road's solutions, E2open's customers will have the ability to connect, streamline, and operate all aspects of global sourcing, manufacturing, logistics, distribution, trade and compliance.
E2open, the largest cloud-based provider of networked supply chain solutions, offers a complete portfolio of intelligent applications that enables the world's most complex supply chains to better plan, collaborate, and execute their end-to-end operations from procurement to manufacturing to distribution and fulfillment.
KeyBanc Capital Markets Inc. acted as exclusive financial advisor to Amber Road. Dentons US LLP acted as Amber Road's legal counsel. Credit Suisse and Lazard served as financial advisors to E2open, and Willkie Farr and Gallagher LLP served as legal counsel.
Date Published: 19/07/2019
Target: Amber Road
Country: USA
Deal Size: 425m (USD)
Sector: Computer Software
Type: Corporate acquisition
Financing: Cash
Status: Closed
Buyer: E2open
Buyer Advisor: Credit Suisse , Lazard , Willkie Farr and Gallagher