Panasonic’s $8.5 Billion Acquisition of Blue Yonder

Fried Frank represented Blue Yonder and selling shareholders New Mountain Capital and Blackstone in the transaction. White & Case LLP advised Panasonic Corporation.

Panasonic executed the acquisition of Blue Yonder for US$8.5 billion.

The acquisition builds on the Panasonic/Blue Yonder strategic relationship, established in January 2019 with a partnership, followed by the creation of a joint venture company in Japan in November2019. In July 2020, Panasonic took a 20% minority ownership stake and one seat on the Board of Directors of Blue Yonder. This acquisition brings the strategic relationship full circle. Blue Yonder is a supply chain industry leader, providing an end-to-end platform driven by AI/ML that serves as a “system of intelligence” for its global retail, manufacturing and logistics customers. The transaction is expected to close in the second half of this fiscal year.

Panasonic Corporation is a global leader developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, and B2B sectors.

Blue Yonder is the leading end-to-end supply chain software provider. Blue Yonder (formerly JDA Software) provides seamless, friction-free commerce, empowering every organization and person on the planet to fulfill their potential.

The Fried Frank team was led by corporate partner Andrew J. Colosimo (Picture) and included corporate partners Andrea Gede-Lange and Michael T. Gershberg; antitrust and competition partner Nathaniel L. Asker; executive compensation & ERISA partner Donald P. Carleen; tax partner Eli Weiss; antitrust and competition special counsel Aleksandr B. Livshits; executive compensation & ERISA special counsel Joshua S. Gelfand; corporate associates Elliot P. Barron, Gregory Bernstein, and Natalia Caruso; antitrust and competition associate Summer K Quintana; intellectual property and technology associate Kimberly Mihovics; litigation associate Patrick J. Albergo; and tax associates Shane C. Hoffman and Bruce M. Wilson.

White & Case LLP advised Panasonic with a team led by Jun Usami and Nels Hansen (both Tokyo) and local partner Shino Asayama (Tokyo), and included partners Keisuke Imon (Tokyo), Charles Larsen (Boston), Tilman Kuhn (Düsseldorf & Brussels), Frank-Karl Heuchemer (Frankfurt), Philip Broke, Nicholas Greenacre, Tim Hickman, Marc Israel (all London), Enrique Espejel (Mexico City), Leonardo Graffi (Milan), Steven Gee, Arlene Arin Hahn, Henrik Patel (all New York), Vivian Tsoi, Z. Alex Zhang (both Shanghai), Johan Steen (Stockholm), Era Anagnosti, Eileen Cole, Rebecca Farrington, Farhad Jalinous, Daniel Levin, Keith Schomig (all Washington, DC), local partners David Albagli (Tokyo), James Hsiao (Hong Kong), Carlos Daroca (Madrid), Tomas Scerba (Prague), counsels Shusuke Fukunaga, Takako Onoki (both Tokyo), Eric Quiles (Mexico City), Joshua Weedman (New York), Orion Berg (Paris), Si Wei Chua (Singapore), Jakub Gubanski (Warsaw), Jeremy Kuester, F. Paul Pittman (both Washington, DC), associates Lorraine Yip, Nathaniel Rowe, Shintaro Kitayama, Michael Richter, Marina Tatsumi, Christian Orton, Keisuke Nishimura, Yilin (Zoey) Zhu (all Tokyo), Justin Terada, Anna Dold, Jan Lampert, Thies Schmitte, Sonja Sehr, David Smith (all Frankfurt), Jarrah Al-Buainain, Nashel Jung, Hyosang (Mark) Kim, Hiroyuki Koda, Mitchell Li, Arian Mossanenzadeh, Neeraj Shah, Peter Shelburne, Anthony Veveakis, Grace Wang (New York), Jan Jeram, Louise Lundberg, Nicolas Vande Velde (all Brussels), Yan Yan (Beijing), Yanbing Chu (Boston), James Ateh (Dubai), Ivan Lee (Hong Kong), Edwina Daws, Francesca MacSwiney, Benita Tibb (all London), Joshua Butler (Melbourne), Roman Gonzalez Melo (Mexico City), Sara Scapin (Milan), Jun Kim (Seoul), Chunlei Pang (Shanghai), Nicole Mao (Singapore), Shafinas Djuanda (Sydney), Klaudia Malczewska, Iwo Malobecki (both Warsaw), Ata Akiner, Sandra Jorgensen, Junsuk Lee, Kyle Levenberg, Nicholas Putz, Ashley Williams, Mark Williams (all Washington, DC), technical advisor Dylan Casler (Boston), legal consultants Tianyu Ding, Yuning Zhou (both Beijing) and transaction lawyer Einat Goldstein (Frankfurt).

Involved fees earner: Patrick Albergo – Fried Frank Harris Shriver & Jacobson; Nathaniel Asker – Fried Frank Harris Shriver & Jacobson; Elliott Barron – Fried Frank Harris Shriver & Jacobson; Gregory Bernstein – Fried Frank Harris Shriver & Jacobson; Donald Carleen – Fried Frank Harris Shriver & Jacobson; Natalia Caruso – Fried Frank Harris Shriver & Jacobson; Andrew Colosimo – Fried Frank Harris Shriver & Jacobson; Andrea Gede-Lange – Fried Frank Harris Shriver & Jacobson; Joshua Gelfand – Fried Frank Harris Shriver & Jacobson; Michael Gershberg – Fried Frank Harris Shriver & Jacobson; Shane Hoffmann – Fried Frank Harris Shriver & Jacobson; Aleksandr Livshits – Fried Frank Harris Shriver & Jacobson; Kimberly Mihovics – Fried Frank Harris Shriver & Jacobson; Summer Quintana – Fried Frank Harris Shriver & Jacobson; Eli Weiss – Fried Frank Harris Shriver & Jacobson; Bruce Wilson – Fried Frank Harris Shriver & Jacobson; Junyeop Kim – Shearman & Sterling; Ata Akiner – White & Case; Jarrah Al-Buainain – White & Case; David Albagli – White & Case; Era Anagnosti – White & Case; Shino Asayama – White & Case; James Ateh – White & Case; Orion Berg – White & Case; Philip Broke – White & Case; Joshua Butler – White & Case; Yanbing Chu – White & Case; Eileen Cole – White & Case; Carlos Daroca – White & Case; Edwina Daws – White & Case; Anna Dold – White & Case; Enrique Espejel – White & Case; Rebecca Farrington – White & Case; Shusuke Fukunaga – White & Case; Steven Gee – White & Case; Román González Melo – White & Case; Leonardo Graffi – White & Case; Nicholas Greenacre – White & Case; Jakub Guba?ski – White & Case; Arlene Arin Hahn – White & Case; Nels Hansen – White & Case; Frank-Karl Heuchemer – White & Case; Tim Hickman – White & Case; James Hsiao – White & Case; Keisuke Imon – White & Case; Marc Israel – White & Case; Farhad Jalinous – White & Case; Jan Jeram – White & Case; Sandra Jorgensen – White & Case; Nashel Jung – White & Case; Hyosang Kim – White & Case; Shintaro Kitayama – White & Case; Hiroyuki Koda – White & Case; Jeremy Kuester – White & Case; Tilman Kuhn – White & Case; Jan Lampert – White & Case; Charles Larsen – White & Case; Ivan Lee – White & Case; Junsuk Lee – White & Case; Kyle Levenberg – White & Case; Daniel Levin – White & Case; Mitchell Li – White & Case; Louise Lundberg – White & Case; Klaudia Malczewska – White & Case; Nicole Mao – White & Case; Iwo Ma?ob?cki – White & Case; Arian Mossanenzadeh – White & Case; Keisuke Nishimura – White & Case; Takako Onoki – White & Case; Christian Orton – White & Case; Chunlei Pang – White & Case; Henrik Patel – White & Case; Paul Pittman – White & Case; Nicholas Putz – White & Case; Eric Quiles – White & Case; Michael Richter – White & Case; Sara Scapin – White & Case; Tomáš Š?erba – White & Case; Thies Schmitte – White & Case; Keith Schomig – White & Case; Sonja Sehr – White & Case; Neeraj Shah – White & Case; Peter Shelburne – White & Case; Si Wei Chua – White & Case; David Smith – White & Case; Johan Steen – White & Case; Marina Tatsumi – White & Case; Justin Terada – White & Case; Benita Tibb – White & Case; Vivian Tsoi – White & Case; Jun Usami – White & Case; Nicolas Vande Velde – White & Case; Anthony Veveakis – White & Case; Grace Wang – White & Case; Joshua Weedman – White & Case; Ashley Williams – White & Case; Mark Williams – White & Case; Yan Yan – White & Case; Lorraine Yip – White & Case; Alex Zhang – White & Case; Yilin Zhu – White & Case;

Law Firms: Fried Frank Harris Shriver & Jacobson; Shearman & Sterling; White & Case;

Clients: Blackstone; Blue Yonder; New Mountain Capital; Panasonic;

Author: Martina Bellini