$500m finance deal for BluJay

BlueJay Solutions has agreed a deal that will give it up to $500 million of finance to expand its global trade network as well as financing future acquisitions.

Chief executive Doug Braun said the financing facility from TPG Specialty Lending and BlueBay Asset Management’s Private Debt Group “provides further flexibility with respect to future acquisitions as we seek to continuously improve our Global Trade Network, reach new markets, and add new services – ultimately driving value for our customers”.