TPG sells AI supply chain business LLamasoft to Coupa Software in $1.5bn deal


TPG Capital has sold AI-powered supply chain design and planning business LLamasoft to trade buyer Coupa Software in a $1.5bn deal.

The private equity investor bought into LLamasoft three years ago, joining existing backer Goldman Sachs. MK Capital is also an investor in the business.

During its ownership LLamasoft signed new or expanded existing customer agreements with multinational corporations including Nestle, Panasonic, L’Oréal, General Motors, Alibaba, Home Depot and Airbus.

TPG Capital partner Malte Janzarik said, “We invested in LLamasoft based on our conviction that companies would embrace software and technology to improve business efficiency at an accelerated pace.

“That theme continues to drive the broader supply chain space and is evidenced by LLamasoft’s continued strong growth and success over several years, culminating in the launch of the company’s enterprise, cloud-based decision-making platform

He added, “Rapidly developing and deploying enterprise grade applications that incorporate LLamasoft’s AI, optimization, and simulation technology can unlock tremendous value for LLamasoft’s customers.

“Investing in LLamasoft was a terrific opportunity to help the company expand into a variety of new use cases and deepen its customer relationships.”

Goldman Sachs & Co served as financial advisor to LLamasoft.

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