- At the closing of the deal, Model N stock will no longer trade on any public market
- Jefferies LLC is serving as financial advisor to Model N
- Vista is focused on enterprise software, data and technology-enabled businesses
Vista Equity Partners has agreed to acquire Model N, a California-based provider of revenue optimization and compliance for pharmaceutical, medtech and high-tech companies, in a take-private deal for $1.25 billion.
According to the terms of the deal, Model N stockholders will receive $30 per share in cash.
At the closing of the deal, Model N stock will no longer trade on any public market.
“Model N enables leading life science and advanced technology companies to optimize their commercialization and compliance processes with mission-critical products specifically designed to address the complexities of these dynamic markets,” said Nick Prickel, senior vice president at Vista in a statement. “We look forward to working closely with the Model N team as they embark on this exciting next chapter.”
The transaction is expected to close in mid-2024.
Jefferies LLC is serving as financial advisor and provided a fairness opinion to Model N, and Fenwick & West LLP is serving as legal counsel.
Kirkland & Ellis LLP is acting as legal counsel to Vista.
Vista is focused on enterprise software, data and technology-enabled businesses. Vista has more than $101 billion in assets under management as of September 30, 2023.
