US$3 billion will fund its acquisition of US supply chain software firm E2open
WiseTech Global is backing its planned takeover of US supply chain software firm E2open with a US$3 billion loan, marking the largest M&A financing deal in the Asia-Pacific region so far this year, excluding Japan.
The Australian logistics software company is tapping a syndicate of major international lenders to arrange the funding, according to sources familiar with the matter. Participating banks include Bank of America, Barclays, Deutsche Bank, HSBC, ING, JPMorgan Chase, National Australia Bank, Sumitomo Mitsui Banking Corp., and Westpac.
The deal stands out in a sluggish year for acquisition financing, with volumes across Asia-Pacific down 37% in 2025 compared to the same period last year. Total regional M&A lending has fallen to roughly US$8 billion – the lowest figure for this point in the year since the global financial crisis. Analysts link the slowdown to heightened market uncertainty, partly driven by renewed trade tensions under US President Donald Trump.
The syndicated loan will be split into tranches with two-, three-, four-, and five-year maturities. Interest margins start at 190 basis points for the shortest tenor and rise to 235 basis points for the five-year portion, according to sources who declined to be named due to the private nature of the negotiations.
The E2open acquisition is WiseTech’s first major deal under executive chairman Richard White, who stepped into the role in February.
WiseTech also declined to comment on the specifics of the financing.
