Apax Digital, a growth equity arm of private equity advisory firm Apax, has recapitalized Magaya Corp., a provider of supply chain automation and logistics software.
Founded in 2001, Magaya offers a digital freight service that aims to drive growth with cloud-based services designed to optimize and digitize logistics operations and customer experience. The investment will be used to support organic growth, platform enhancements and strategic mergers and acquisitions. The recapitalization was completed alongside existing investor LLR Partners and other shareholders.
My team and I look forward to Apax and LLR’s combined experience helping software businesses scale as well as their commitment to continue to support Magaya’s geographic and product expansion through organic investment as well as strategic M&A,” says Gary Nemmers, CEO at Magaya.
Harris Williams LLC served as financial advisor to Magaya in connection with this transaction.