AUSTIN, Texas, Feb. 5, 2021 /PRNewswire/ — E2open (the “Company”), a leading provider of supply chain management application, and CC Neuberger Principal Holdings I (NYSE: PCPL), a particular intent acquisition company, right now introduced that they have done their organization mixture. The transaction has been unanimously accepted by the board of administrators of CC Neuberger Principal Holdings I and was permitted at a special conference of CC Neuberger Principal Holdings I shareholders on February 2, 2021. The frequent inventory of the put together enterprise will trade beneath the symbol “ETWO” on the New York Inventory Trade, beginning February 5, 2021. Michael Farlekas, who has served as CEO of the Business given that 2015, will go on to direct the enterprise.
E2open is a major stop-to-close and cloud-centered source chain administration SaaS platform. The Company’s program options orchestrate advanced world supply chains and travel persuasive value and ROI for its varied and refined blue-chip buyers. Moreover, E2open advantages from eye-catching secular tailwinds as organizations endeavor to speed up expansion, lower charges, improve visibility, and push improved resiliency across their supply chains in an more and more advanced world economy. The Company’s software package brings together networks, info and programs to deliver a deeply embedded, mission-significant platform that will allow buyers to enhance their provide chain across channel shaping, enterprise planning, logistics, world-wide trade, manufacturing and source administration.
“We are pleased to total our business enterprise mixture with CC Neuberger Principal Holdings I and begin our up coming chapter as a public company,” said Mr. Farlekas. “I am extremely happy of the operate our staff is accomplishing to support our shoppers minimize fees and accelerate income employing our supply chain management program solutions. Leveraging our recapitalized balance sheet and the sizeable knowledge of the CC Funds, Neuberger Berman, Perception Associates, and Evergreen Coast Funds Corp. (the personal equity affiliate of Elliott Expense Management L.P.) groups, we believe E2open is poised to accelerate its advancement and capitalize on the considerable possibilities to make sizeable value for all stakeholders.”
“As an marketplace-leading cloud technology platform, E2open up is positioned to benefit from elevated demand from customers for supply chain administration software package options going forward,” reported Chinh Chu and Douglas Newton, Co-Founders and Senior Running Administrators of CC Cash, as well as Charles Kantor, Senior Portfolio Supervisor of Neuberger Berman. “We are energized about E2open’s option for organic development acceleration and strategically accretive acquisitions, and imagine the Firm has a long runway for price generation as a publicly traded corporation.”
Key Transaction Conditions and Particulars
At the closing of the transaction, CC Neuberger Principal Holdings I was domesticated as a Delaware corporation and its title has been improved to E2open Mum or dad Holdings, Inc. (NYSE: ETWO).
A additional in depth description of the transaction terms will be incorporated in a present-day report on Sort 8-K to be submitted by E2open Mother or father Holdings, Inc. with the U.S. Securities and Trade Commission (“SEC”).
Credit history Suisse served as lead money advisor and Lazard also served as economic advisor to E2open up. Morgan Stanley & Co. LLC and Goldman Sachs acted as M&A advisors to CC Neuberger Principal Holdings I. Goldman Sachs acted as guide placement agent and lead cash markets advisor and Credit Suisse and Morgan Stanley & Co. LLC ended up also placement agents for CC Neuberger Principal Holdings I. Willkie Farr & Gallagher LLP acted as lawful counsel to E2open and Kirkland & Ellis LLP acted as lawful counsel to CC Neuberger Principal Holdings I.
About E2open up
At E2open, we’re creating a more linked, smart source chain. It commences with sensing and responding to serious-time demand, source and supply constraints. Bringing collectively knowledge from consumers, distribution channels, suppliers, agreement makers and logistics companions, our collaborative and agile offer chain system allows companies to use data in true time, with synthetic intelligence and machine studying to push smarter decisions. All this complex details is sent in a one look at that encompasses your need, source and logistics ecosystems. E2open is shifting all the things. Need. Provide. Sent.
Check out www.e2open.com.
E2open, the E2open logo and Harmony are registered emblems of E2open, LLC. All other trademarks, registered trademarks and assistance marks are the assets of their respective entrepreneurs.
About CC Neuberger Principal Holdings I
CC Neuberger Principal Holdings I is a distinctive objective acquisition enterprise that accomplished its preliminary community offering in April 2020, elevating $414 million in proceeds. Led by Chinh Chu, Douglas Newton, Charles Kantor and other senior industry experts of CC Capital and Neuberger Berman, CC Neuberger Principal Holdings I was formed for the goal of moving into into a merger, share trade, asset acquisition, share invest in, reorganization or very similar organization mix with 1 or more enterprises.
Forward-On the lookout Statements
Certain statements in this press release may be regarded forward-looking statements. Ahead-searching statements typically relate to foreseeable future gatherings or E2open’s potential fiscal or working functionality. For instance, projections of foreseeable future growth, economic functionality and other metrics are forward-seeking statements. In some instances, you can identify ahead-looking statements by terminology this kind of as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue,” or the negatives of these phrases or variants of them or related terminology. These types of forward-hunting statements are matter to threats, uncertainties and other things which could result in genuine benefits to vary materially from people expressed or implied by such forward on the lookout statements. These forward-searching statements are dependent upon estimates and assumptions that, when regarded as realistic by E2open and its management, are inherently uncertain. Components that may possibly induce real results to differ materially from present-day anticipations incorporate, but are not limited to: (1) the outcome of any legal proceedings that could be instituted against E2open up with respect to the done enterprise blend in between CCNB1 and E2open (the “Business Combination”) (2) the capability to figure out the anticipated gains of the Company Combination, which may possibly be afflicted by, amid other matters, competition, the skill of E2open to grow and regulate expansion profitably, keep relationships with customers and suppliers and keep its administration and important staff (3) alterations in relevant legislation or laws (4) the probability that E2open up might be adversely afflicted by other financial, business and/or competitive things (5) E2open’s estimates of expenditures and profitability and (6) other threats and uncertainties established forth in the segment entitled “Risk Factors” and “Cautionary Be aware Regarding Ahead- Seeking Statements” in CCNB1′s last prospectus relating to its initial public featuring, dated April 23, 2020, subsequent quarterly reports on form 10-Q and definitive proxy statement, submitted with the SEC on January 12, 2021 in connection with the Business Blend. Nothing in this push release ought to be regarded as a illustration by any particular person that the ahead-hunting statements established forth herein will be accomplished or that any of the contemplated outcomes of this kind of forward-searching statements will be attained. You ought to not put undue reliance on forward-seeking statements, which talk only as of the date they are designed. E2open does not get any responsibility to update these ahead-looking statements.
Investor Make contact with:
ICR, Inc. for E2open
Michael Bowen / Marc P. Griffin
[email protected] up.com
CC Neuberger Principal Holdings I
Jonathan Keehner / Julie Hamilton / Kate Thompson
Joele Frank, Wilkinson Brimmer Katcher
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