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Deals

Singapore's Temasek takes minority stake in supply chain provider BluJay

FILE PHOTO: A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su/File Photo

LONDON (Reuters) - Singaporean state investor Temasek has bought a significant minority stake in BluJay Solutions, valuing the British supply chain provider at approximately $700 million.

Private equity firm Francisco Partners will continue to control the company, a statement from BluJay said.

Arma Partners and Jefferies were financial advisors.

Reporting by Dasha Afanasieva, editing by Anjuli Davies

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