Panasonic, a Japanese multinational consumer electronics corporation, agreed to acquire a 20% stake in Blue Yonder, an American software and consultancy company, at a $5.5bn valuation. New Mountain Capital and funds managed by Blackstone will continue to be majority shareholders in Blue Yonder. "I am excited about this collaboration to realize our joint vision for digital supply chain — where Blue Yonder’s platform synchronizes with Panasonic’s edge offerings to deliver more autonomous, successful business outcomes for retailers, manufacturers and logistics providers. We look forward to working within our Joint Venture in Japan to deliver tremendous customer value," Girish Rishi, Blue Yonder CEO.