SCHEDULE: E2open Acquired: Shares Converted to Cash at $3.30
Beneficial Ownership Change (Merger Completion)
E2open Parent Holdings, Inc. completed its merger, converting all Class A Common Stock into cash at $3.30 per share, leading to Francisco Partners ceasing beneficial ownership.
Summary
- The merger of E2open Parent Holdings, Inc. was consummated on August 3, 2025, as per the previously disclosed Merger Agreement.
- E2open Parent Holdings, Inc. is now a wholly-owned subsidiary of the acquiring 'Parent' entity.
- Each issued and outstanding share of Class A Common Stock was automatically cancelled, extinguished, and converted into the right to receive cash in an amount equal to $3.30 per share.
- The reporting persons, including Francisco Partners III (Cayman), L.P. and its related entities, ceased to be beneficial owners of any Class A Common Stock as of August 3, 2025.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. For existing shareholders, it provides a definitive cash exit at a pre-agreed price. For the reporting persons, it signifies the successful completion of their investment exit strategy. No negative surprises or adverse events are indicated in the filing.
Positives
- Shareholders of E2open Parent Holdings, Inc. received a definitive cash payment of $3.30 per share, providing liquidity and a clear exit value for their investment.
- The completion of the merger provides certainty regarding the company's future structure and operations under new private ownership.
Negatives
- Public shareholders of E2open Parent Holdings, Inc. no longer hold equity in the company, eliminating any potential for future share price appreciation.
- The Class A Common Stock of E2open Parent Holdings, Inc. has been cancelled, removing it from public trading.
Future Outlook
E2open Parent Holdings, Inc. will operate as a wholly-owned subsidiary of the acquiring 'Parent' entity, and its Class A Common Stock will no longer be publicly traded.
Industry Context
This transaction represents a take-private acquisition, a common strategy in which private equity firms acquire public companies to delist them. Such moves often aim to facilitate strategic restructuring or operational improvements away from public market scrutiny, reflecting a broader trend of consolidation within the software and supply chain management sectors.
Comparison to Industry Standards
- This filing reports the completion of a specific merger transaction and the cash payout to shareholders, rather than operational or financial performance. Therefore, direct comparisons to industry operational benchmarks or specific comparable companies' project results are not applicable in the traditional sense.
- The $3.30 per share cash consideration was the outcome of a previously negotiated merger agreement, reflecting the agreed-upon valuation at the time of the deal announcement.
Stakeholder Impact
- Shareholders: Received a cash payment of $3.30 per share, resulting in the cessation of their equity ownership in the company.
- Company (E2open Parent Holdings, Inc.): Transitions from a publicly traded entity to a private, wholly-owned subsidiary, no longer subject to public reporting requirements.
- Reporting Persons (Francisco Partners entities): Successfully exited their beneficial ownership in E2open's public shares, indicating the completion of their investment strategy.
Next Steps
- E2open Parent Holdings, Inc. will continue operations as a private, wholly-owned subsidiary.
- The Class A Common Stock will no longer be traded on any public exchange.
Key Dates
| Date | Description |
|---|---|
| 2021-09-13 | Original Schedule 13D filed with the United States Securities and Exchange Commission. |
| 2025-08-03 | Consummation of the Mergers; Class A Common Stock cancelled and converted to cash; Reporting Persons ceased beneficial ownership. |
| 2025-08-05 | Date of signing of Amendment No. 3 to Schedule 13D by Steve Eisner. |
Recommendation
sellThe company's Class A Common Stock has been cancelled and converted into a cash payment of $3.30 per share as a result of the completed merger. There is no longer a public market for these shares, rendering any 'hold' or 'buy' recommendation irrelevant. The effective action for shareholders was to receive the cash consideration, which implies a 'sell' or exit from the public market.
Keywords
E2open, Merger, Acquisition, Class A Common Stock, Francisco Partners, Take-private, SEC Filing, Schedule 13D, Beneficial Ownership, Cash Out
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