JDA Completes Previously Announced $575 Million Equity Investment from Blackstone and New Mountain Capital

SCOTTSDALE, Ariz.--()--JDA Software Group, Inc. today announced that it has completed its previously announced agreement with funds affiliated with Blackstone (NYSE: BX) and funds affiliated with New Mountain Capital to recapitalize the company through a $575 million equity investment. Concurrently with the equity investment, JDA also refinanced its indebtedness. The strategic recapitalization and the refinancing transactions reduce JDA’s total debt by approximately $500 million and lower the company’s cash interest charges by nearly $80 million per year. The new capital structure is expected to enable JDA to accelerate its product innovation and growth plans to deliver next generation cloud-based solutions and to fuel current product development and enhancement opportunities.

“This investment is a reflection of the highly attractive growth prospects for JDA and our unique ability to help customers tackle the opportunities and challenges presented by a rapidly-evolving supply chain and omni-channel retail landscape,” said Bal Dail, Chairman and Chief Executive Officer, JDA. “We are thrilled to partner with our world-class investors to further accelerate JDA’s significant business momentum and pace of innovation.”

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About Blackstone

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $350 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

About New Mountain Capital

New Mountain Capital is a New York based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $15 billion in aggregate capital commitments. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit http://www.newmountaincapital.com/.

About JDA Software Group, Inc.

JDA Software is the leading provider of seamless supply chain planning and execution solutions for retailers, manufacturers, logistics providers and wholesale distributors. Our unmatched solution portfolio enables our clients to reduce costs, increase profitability and improve visibility so they can deliver on customer promises every time. More than 4,000 global customers run JDA, including 78 of the top 100 retailers, 78 of the top 100 consumer goods companies, and 8 of the top 10 3PLs. With JDA, you can plan to deliver. www.jda.com

“JDA” is a trademark or registered trademark of JDA Software Group, Inc. Any trade, product or service name referenced in this document using the name “JDA” is a trademark and/or property of JDA Software Group, Inc.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, all statements that do not relate solely to historical or current facts. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words.

Such forward-looking statements are subject to various risks and uncertainties that could cause actual future results to differ materially from those expressed in any forward-looking statements.

Any forward-looking statement speaks only as of the time of this release and we do not undertake to update or revise them as more information becomes available or to disclose any facts, events, or circumstances after the date of this release that may affect the accuracy of any forward-looking statement, except as required by law.

Contacts

JDA Public Relations Contact:
Jolene Peixoto, Director, Corporate Communications
+1 978-475-0524
jolene.peixoto@jda.com

Contacts

JDA Public Relations Contact:
Jolene Peixoto, Director, Corporate Communications
+1 978-475-0524
jolene.peixoto@jda.com