Vista Equity Partners Completes Acquisition of Model N
June 27 2024 - 8:56AM
Business Wire
Model N, a leader in revenue optimization and compliance for
pharmaceutical, medtech, and high-tech innovators, today announced
the completion of its acquisition by Vista Equity Partners
(“Vista”), a leading global investment firm focused exclusively on
enterprise software, data, and technology-enabled businesses, for
$30.00 per share in cash in a transaction that values the Company
at approximately $1.25 billion. With the completion of the
transaction, Model N’s common stock ceased trading, and the Company
is no longer listed on the New York Stock Exchange.
“This is an exciting milestone in Model N’s history and a
testament to the hard work of our incredible team,” said Jason
Blessing, Model N President and Chief Executive Officer. “With
Vista’s partnership and as a privately-held company, we will have
the ability to take a longer-term view on our business and be in a
stronger position to deliver on our strategy and our goals. We look
forward to these new and exciting possibilities for our business
and are confident that Model N is well positioned for the
future.”
“Model N provides mission-critical solutions to some of the most
innovative companies in the world by helping to optimize highly
complex and highly regulated commercialization processes,” said
Michael Fosnaugh, Co-Head of Vista’s Flagship Fund and Senior
Managing Director. “We are thrilled to welcome Model N to Vista’s
portfolio and our investment ecosystem as it begins its next phase
as a private company.”
Advisors
Jefferies LLC served as exclusive financial advisor to Model N,
and Fenwick & West LLP served as legal counsel.
William Blair & Company LLC served as financial advisor to
Vista, and Kirkland & Ellis LLP served as legal counsel.
About Model N
Model N is a leader in revenue optimization and compliance for
pharmaceutical, medtech and high-tech innovators. Our intelligent
platform powers your digital transformation with integrated
technology, data, analytics, and expert services that deliver deep
insight and control.
Our integrated cloud solution is proven to automate pricing,
incentive and contract decisions to scale business profitably and
grow revenue. Model N is trusted across more than 120 countries by
the world’s leading pharmaceutical, medical technology,
semiconductor, and high-tech companies, including Johnson &
Johnson, AstraZeneca, Stryker, Seagate Technology, Broadcom, and
Microchip Technology. For more information, visit
www.modeln.com.
About Vista Equity Partners
Vista is a leading global investment firm with more than $100
billion in assets under management as of December 31, 2023. The
firm exclusively invests in enterprise software, data and
technology-enabled organizations across private equity, permanent
capital, credit and public equity strategies, bringing an approach
that prioritizes creating enduring market value for the benefit of
its global ecosystem of investors, companies, customers and
employees. Vista’s investments are anchored by a sizable long-term
capital base, experience in structuring technology-oriented
transactions and proven, flexible management techniques that drive
sustainable growth. Vista believes the transformative power of
technology is the key to an even better future – a healthier
planet, a smarter economy, a diverse and inclusive community and a
broader path to prosperity. Further information is available at
vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity
Partners, and on X, @Vista_Equity.
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version on businesswire.com: https://www.businesswire.com/news/home/20240626060153/en/
Model N Investor Relations Contact: Carolyn Bass
investorrelations@modeln.com
Media Contact: Judith Rich Model N Senior Director,
Corporate Communications jrich@modeln.com (516) 884-6879
Vista Equity Partners: Brian Steel Vista Equity Partners
media@vistaequitypartners.com (212) 804-9170