Form 4: Francisco Partners Exits E2open Stake Post-Merger

Francisco Partners entities report the disposition of all E2open Class A Common Stock following the company's merger, receiving $3.30 per share.

Summary

• Francisco Partners entities, including Francisco Partners III (Cayman), L.P., have disposed of all 38,700,076 shares of E2open Parent Holdings, Inc. Class A Common Stock.
• This disposition occurred on August 3, 2025, in connection with the consummation of a merger agreement dated May 25, 2025.
• Each share of Class A Common Stock was automatically cancelled and converted into the right to receive $3.30 in cash.
• Following this transaction, Francisco Partners entities no longer beneficially own any shares of E2open.

Sentiment

Score: 7

Explanation: The sentiment is positive for the exiting shareholder as they realized a cash return on their investment. For former public shareholders, it represents a definitive exit at a fixed price, which can be seen as neutral to positive depending on the stock's prior performance and future prospects.

Positives

• Shareholders received a cash payment of $3.30 per share, providing liquidity and a defined return.
• The transaction concludes the investment for Francisco Partners, realizing their stake.

Negatives

• Existing shareholders no longer hold equity in E2open, losing potential future upside from the company's operations.
• The company's shares are no longer publicly traded, removing an investment option.

Future Outlook

This filing reports the final disposition of shares by a former major shareholder following a merger, indicating no ongoing equity interest or future outlook for the company from the perspective of the reporting entity.

Industry Context

This transaction represents a private equity firm's exit from a publicly traded software company, a common occurrence in the technology sector as firms realize returns on their investments through mergers or acquisitions. The acquisition by WiseTech Global Limited indicates consolidation within the supply chain software industry.

Management Changes

Related Party Transactions

• The reporting persons (Francisco Partners III (Cayman), L.P., Francisco Partners Parallel Fund III (Cayman), L.P., Francisco Partners GP III (Cayman), L.P., Francisco Partners GP III Management (Cayman), Ltd., and Francisco Partners Management, L.P.) are related entities under the Francisco Partners umbrella, acting in concert regarding the disposition of shares.

Stakeholder Impact

• Shareholders of E2open Parent Holdings, Inc. received a cash payment of $3.30 per share, concluding their investment in the company.
• Francisco Partners, as a former significant shareholder, has fully exited its investment in E2open.

Key Dates

Keywords

E2open, ETWO, Francisco Partners, Merger, Acquisition, Share Disposition, SEC Form 4, Beneficial Ownership, Private Equity Exit