What You Should Know:
– Model N (NYSE: MODN), a leading provider of revenue optimization and compliance solutions for the life sciences and high-tech industries, has announced a definitive agreement to be acquired by Vista Equity Partners (“Vista”).
– Under the terms of the agreement, Vista will acquire all outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion.
– The transaction is expected to close in mid-2024, subject to customary approvals and clearances. Upon completion, Model N will become a privately held company and its shares will be delisted from any public stock exchange.
About Model N
Model N is a leader in revenue optimization and compliance solutions, empowering companies in the pharmaceutical, medical technology, and high-tech sectors. Their intelligent platform integrates technology, data, analytics, and expert services to provide clients with deep industry insights and control over their revenue streams.
Model N’s cloud-based solution automates pricing, incentive, and contract decisions, helping businesses scale profitability and achieve revenue growth. Trusted by over 120 countries, their solutions are used by leading companies like Johnson & Johnson, AstraZeneca, Stryker, Seagate Technology, Broadcom, and Microchip Technology.
“We are pleased to have reached this agreement with Vista, which is the culmination of a robust sale process led by our Board of Directors with the assistance of our financial and legal advisors,” said Baljit Dail, Chairman of the Model N Board. “As the Board considered the long-term path for Model N, we unanimously determined that the transaction with Vista represents the best opportunity to deliver compelling, certain, and immediate cash value to our stockholders and is in their best interest in light of the challenges faced by Model N as a standalone public company.”
