Harris Williams Advises Magaya Corporation on its Recapitalization by Apax Digital
January 31 2023 - 11:25AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised Magaya Corporation
(Magaya), a portfolio company of LLR Partners (LLR), on its
recapitalization from funds advised by Apax Digital, the growth
equity arm of Apax Partners (Apax). Magaya is a leading provider of
cloud-based supply chain automation and logistics software for
freight forwarders, customs brokers, and other international
logistics providers. The transaction was led by Andy Leed, Erik
Szyndlar, Ryan Costa, Colin Chapin and Sean McGann of the Harris
Williams Technology Group.
“International logistics is undergoing an industry-wide digital
transformation, and Magaya is playing a central role in helping
freight forwarders become more agile and resilient through its
modern digital freight platform,” said Andy Leed, a managing
director at Harris Williams. “It was a pleasure working with CEO
Gary Nemmers, Magaya’s co-founders, and management on this
transaction, and we are excited to see what the company
accomplishes in their continued partnership with LLR and with their
new partner Apax Digital.”
“This investment represents another high-profile transaction for
Harris Williams within the broader supply chain and logistics
technology sector,” said Ryan Costa, a director at Harris Williams.
“The rapidly changing global trade environment, which is
characterized by growing trade volumes, increasing complexity, and
ongoing diversification away from single-sourced supply chains, is
not only driving strong demand for Magaya’s solutions, but also
fueling investment activity across the broader market. We expect
strong investor and corporate buyer interest to continue as these
trends create new challenges for organizations.”
Magaya is a modern digital freight platform that accelerates
growth with flexible, interoperable, and modular cloud-based
solutions designed to optimize and digitize end-to-end logistics
operations and customer experience. Whether used together as an
integrated digital freight platform or independently, Magaya
solutions enable freight forwarders, custom brokers, and other
international logistics providers to automate complex and redundant
processes, enhance the customer experience, optimize productivity,
extend their reach, and grow their revenues. The company is
headquartered in Miami and operates an additional office in the
Philippines.
LLR is a private equity firm investing in technology and
healthcare businesses. The company collaborates with its portfolio
companies to identify and execute on key growth initiatives and
help create long-term value. Founded in 1999 and with more than $5
billion raised across six funds, LLR is a flexible provider of
equity capital for growth, recapitalizations, and buyouts.
The Apax Digital Funds specialize in growth equity and growth
buyout investments in high-growth enterprise software, consumer
internet, and technology-enabled services companies worldwide. The
Apax Digital team leverages Apax's deep tech investing expertise,
global platform, and specialized operating experts, to enable
technology companies and their management teams to accelerate the
achievement of their full potential.
Apax is a leading global private equity advisory firm. For 50
years, Apax has worked to inspire growth and ideas that transform
businesses. The firm has raised and advised funds with aggregate
commitments of more than $60 billion. These funds provide long-term
equity financing to build and strengthen world-class companies.
Harris Williams is a global investment bank specializing in
M&A advisory services. Clients worldwide rely on us to help
unlock value in their business and turn ambitious goals into
reality. We approach every engagement with boundless collaboration,
pooling expertise and relationships across industries and
geographies to uncover the unique story of each company. For over
30 years, our clients have trusted us to think strategically,
execute precisely, and deliver premium outcomes through
M&A.
Technology is ubiquitous in today’s global economy, with most
sectors and industries rapidly adopting software and data solutions
as companies seek to increase competitiveness and enhance
productivity. Led by seasoned and passionate professionals with
strong vertical and horizontal experience, the Harris Williams
Technology Group partners with both growth capital and private
equity investors as well as company leaders around the globe. Our
clients rely on us to navigate the ever-evolving technology M&A
landscape. Our Technology Group has deep expertise across
application and vertical software as well as technology and data
services.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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Julia Moore media@harriswilliams.com
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