On January 24th 2025, Aptean, a global enterprise software provider backed by TA Associates, Insight Partners, Charlesbank Capital Partners, and Clearlake Capital Group, announced an agreement to acquire Logility (NASDAQ: LGTY) in an all-cash deal worth $482 million. The transaction, expected to close in Q2 2025, sees Aptean pay $14.30 per share, representing a 27% share price premium.
Logility, headquartered in Atlanta, GA, specialises in AI-driven supply chain planning solutions for over 500 clients in 80+ countries across industries such as consumer goods, food and beverage, and industrial manufacturing. The acquisition will allow Aptean to integrate Logility’s supply chain technology into its existing enterprise resource planning (ERP) and supply chain management (SCM) offerings.
Prior to this deal, Logility faced shareholder pressure to explore strategic alternatives, given market headwinds and its performance on the NASDAQ, where LGTY is publicly traded under American Software Inc. (owning ~77% of Logility’s shares). Upon deal closure, Logility will become a private company, with Aptean absorbing its supply chain and digital planning solutions. The move to private ownership under Aptean will allow Logility to focus on long-term innovation without public market constraints. Given the ongoing consolidation in the enterprise software and supply chain sectors, this deal aligns with recent industry trends, such as Thoma Bravo’s acquisition of Coupa Software ($8bn) in 2023 and SAP’s $1.3bn purchase of LeanIX in 2024.
Aptean is backed by a private equity consortium, including:
TA Associates – A leading global growth private equity firm.
Insight Partners – A major investor in enterprise SaaS and software firms.
Charlesbank Capital Partners – Specialising in mid-market buyouts.
Clearlake Capital Group – Known for its aggressive software investments.
As a mid-market software acquisition, regulatory concerns are minimal, but the Federal Trade Commission (FTC) and U.S. Department of Justice (DOJ) will review the deal under standard antitrust procedures. Given that Aptean and Logility operate in adjacent, rather than directly competing, segments the deal is unlikely to face major scrutiny.
However, enterprise software consolidation has drawn increasing attention from regulators, particularly around data privacy and market competition. The acquisition could be examined within the broader trend of private equity firms acquiring and consolidating critical business software providers.
Recent enterprise software and supply chain deals provide a benchmark for Logility’s valuation:
Coupa Software acquired by Thoma Bravo for $8bn at 10x revenue.
Blue Yonder (supply chain tech) acquired by Panasonic for $7.1bn at 6.5x revenue.
SAP’s purchase of LeanIX for $1.3bn, reinforcing the demand for cloud-based business solutions.
While Logility’s financials remain undisclosed, its valuation at $482m suggests a multiple in line with private-equity-backed software acquisitions in recent years.
This acquisition will strengthen Aptean’s presence in AI-driven supply chain management, an increasingly critical area given global supply chain volatility and the rise of predictive analytics in enterprise software. With private equity ownership, Logility will gain access to capital for growth and R&D, allowing it to scale its cloud-based supply chain solutions more aggressively. Given Aptean’s active M&A strategy, further bolt-on acquisitions in AI-driven business software could follow in the coming years.
Aptean’s acquisition of Logility reflects the growing demand for AI-driven supply chain solutions and the continued private equity consolidation of enterprise software. With Logility delisting from the NASDAQ, the company will shift towards a long-term growth strategy under private ownership. Assuming a smooth regulatory process, this deal is set to close in Q2 2025, reinforcing Aptean’s position as a leading player in AI-powered enterprise software.
Written by: Alexander Philp
Sources: Logility Press Release, Aptean, Financial Times, Bloomberg
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