SCOTTSDALE, Ariz–JDA Software Group, Inc. announced that it has completed an agreement with funds managed by Blackstone (NYSE: BX) and New Mountain Capital (NMC) to effect a recapitalization of the company through a $570 million equity investment.
The new capital will be used to fuel JDA’s product innovation and growth plans to deliver next generation cloud-based solutions and accelerate opportunities for current product development and enhancements. With this strategic investment, JDA will be well-positioned to continue building on its market-leading portfolio of supply chain and omni-channel retail solutions. The new equity investment is expected to be completed by early Q4 2016, pending customary closing conditions.
“We are thrilled to partner with New Mountain Capital to make this strategic investment in JDA,” said Viral Patel, Managing Director at Blackstone. “We are confident that the company is primed for accelerating growth in the years ahead.”
Blackstone is one of the world’s leading investment firms.
