We worked with JDA for some time in the enterprise. In SCDigest:
" ... After a week of drama, JDA Software has rejected a takeover offer from Honeywell and will go with an equity investment of $570 million from private equiry firm Blackstone and its own current owner New Mountain Capital.
The investment will allow JDA to restructure a portion of its some $2 billion in debt. The company says the new investment will have no cash interest costs for JDA , will be used to retire existing deb,t and will reduce JDA’s interest expense by $70 million per year.
“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.” ... "
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