About the Blackbay sale to BluJay Solutions
Silverpeak acted as exclusive financial adviser to Blackbay Ltd on its sale to BluJay Solutions, owned by Francisco Partners. Blackbay is a leading provider of mobility software for the transport and logistics industry. BluJay Solutions is a leading supply chain software and services business, previously known as Kewill. This Silverpeak-advised transaction brings together two strong players in the global logistics software market.
About Blackbay
Blackbay is headquartered in the UK, with offices in the United States, Australia, and New Zealand. Its solutions deliver real-time track-and-trace, dispatching, routing, and scheduling tools. As a result, operators, drivers, and mobile workers can optimise delivery processes, streamline operations, and improve compliance. Furthermore, the platform helps businesses increase revenue and enhance the customer experience. Blackbay will fully integrate with the global BluJay Solutions team following the sale.
How Silverpeak added value
Silverpeak worked with Blackbay and institutional shareholder Albion Ventures as lead adviser throughout the process. The team mapped the marketplace, identified and contacted potential buyers, and negotiated the transaction through to completion. Silverpeak’s deep knowledge of the technology market and its ability to manage complex negotiations proved central to achieving a strong outcome for Blackbay and its shareholders.
What our clients said
Nigel Doust, CEO of Blackbay, said: “The Silverpeak team guided us seamlessly throughout the process. Their knowledge of the technology market was deep. Their ability to handle the complexity of the transaction proved invaluable. As a result, we achieved a strong outcome for Blackbay and its shareholders.”
Emil Gigov, Partner at Albion Ventures, said: “Silverpeak led the process professionally and proactively. Paddy MccGwire navigated complex situations and managed difficult negotiations with skill. Moreover, Silverpeak remained totally committed to a successful conclusion. I look forward to working with them again.”
Paddy MccGwire, Managing Partner at Silverpeak, added: “Blackbay had transformed itself into a SaaS business with a leading global product. BluJay Solutions offered the greatest strategic and cultural fit. Together, they can fully address the worldwide opportunity as logistics providers adopt best practice.”