Exclusive: Supply chain software firm E2open nears deal to go public – sources

In this news, we discuss the Exclusive: Supply chain software firm E2open nears deal to go public – sources.

(Reuters) – U.S. supply chain management software company E2open LLC to close public deal through merger with blank check acquisition company CC Neuberger Principal Holdings I at valuation of more than $ 2.5 billion, including debt, people familiar with the matter said Tuesday.

A deal could be announced as early as Wednesday, the sources said, warning that negotiations could still fail. E2open is owned by the private equity firm Insight Partners.

The sources requested anonymity as the matter is confidential. CC Neuberger declined to comment. E2open and Insight Partners did not immediately respond to requests for comment.

CC Neuberger I is a Special Purpose Acquisition (SPAC), which is a shell company that uses the money raised in an initial public offering to acquire a private company which then goes public.

CC Neuberger I, led by the investment firm of veteran Wall Street trader Chinh Chu, raised $ 414 million in an IPO in April to buy a company in the financials , technology and business services.

Report by Joshua Franklin in Boston; Edited by Richard Chang

Original © Thomson Reuters Corporation

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