Warburg invests $75m in German data firm

The firm has made a growth capital investment in data and technology firm Blue Yonder

Global private equity firm Warburg Pincus has invested $75 million in German data analytics and application development business Blue Yonder to support the continued growth of the business, according to a statement.

The firm did not disclose the stake it took in the company, but a source close to the deal said Warburg is now the largest shareholder. The firm invested out of its current fund Warburg Pincus Private Equity XI, an $11.2 billion global private equity fund, which closed in May 2013.

The Germany-based technology business focuses on creating predictive applications, its key products offering cost saving and increased efficiency measures for its customers. The firm was founded in 2008 and has since built its footprint mainly in the European retail and consumer goods market. 

Blue Yonder has also recently expanded into markets including industrials, transport and logistics, counting among its clients the Otto Group, Next, Eurotunnel, Lufthansa Systems and Bosch.

“We are delighted to partner with the Blue Yonder management to accelerate the company’s growth and development. Blue Yonder has developed innovative and differentiated technology to serve blue-chip customers and is led by a creative and entrepreneurial management team,” Joseph Schull, managing director at Warburg Pincus, said in a statement.

“We believe that there is significant scope to grow the business on a global basis as more and more corporates understand the value of harnessing their data assets for predictive analytics and business-decision automation.”

Warburg Pincus invests in a variety of sectors globally, including the technology sector across regions. To-date, the firm has invested more than $15 billion in techonology, media and telecommunications businesses, such as Nuance Communications, Kognitio, WhiteCross, Manugistics, and Loyalty Management.