Eurazeo invests in supply chain software firm Elemica
August 6, 2019
French investment company Eurazeo is investing in supply chain software with the acquisition of Pennsylvania-based Elemica, a cloud-enabled digital supply network.
Eurazeo has €17.7bn in assets under management and says it will support Elemica's expansion and global growth strategy into new industry verticals, geographies and product offerings.
Founded in 2000 by a group of industrial companies to provide visibility across the global process industries’ whole supply chain, Elemica offers a suite of SaaS that enables its customers to connect, automate and have full end-to-end visibility into their supply chains. Elemica serves more than 450 customers worldwide, including 39 of the top global 100 chemical companies. Half a trillion US dollars in goods are bought, sold and moved annually through the Elemica digital supply network.
"We are delighted to announce the acquisition of Elemica, which will join Eurazeo Capital's US investment portfolio alongside Trader Interactive and WorldStrides,” said Marc Frappier, managing partner of Eurazeo Capital. “Elemica is a key technology provider, operating at the heart of the global process industries’ supply chain. The company has meaningful growth potential and aligns in all respects with Eurazeo's investment strategy. We are convinced that, with our support, expertise and international network, Elemica will accelerate its development in new industries, geographies and product offerings."
Elemica was acquired by Thoma Bravo, a private equity investment firm, in 2016. Eurazeo Capital will acquire full ownership of Elemica alongside its management team and will invest around $250m of equity invested by Eurazeo and its affiliates, subject to various adjustments between now and the completion of the planned transaction. The transaction is expected to close in the third quarter of this year. Evercore served as strategic advisor to Eurazeo.
"With Eurazeo's partnership, we will be able to globally develop Elemica's nearly 20-year vision of connecting the world's leading process manufacturers to their direct material suppliers, logistics service providers and customers,” said John Blyzinskyj, CEO of Elemica. “Our transatlantic operations and global ambitions make Elemica and Eurazeo very complementary partners and we look forward to achieving our growth strategy together."
Eurazeo has offices in Paris, New York, Sao Paulo, Seoul, Shanghai, London, Luxembourg, Frankfurt and Madrid.