Vista Equity Partners, a global investment firm focused on enterprise software, data and technology-enabled businesses, will acquire Model N, a provider of revenue management solutions for the life sciences industry, in an all-cash transaction valued at approximately $1.25bn.
The transaction is expected to close in mid-2024.
Under the terms of the agreement, Vista will acquire all the outstanding shares of Model N common stock for $30.00 per share. Model N will also become a privately held company, meaning that shares of Model N common stock will no longer be listed on any public market.
In a press statement, Michael Fosnaugh, a Senior Managing Director at Vista who co-leads its flagship fund, described Model N as “a pioneer” in its niche.
Nick Prickel, Senior Vice President at Vista, added: “Model N enables leading life science and advanced technology companies to optimise their commercialisation and compliance processes with mission-critical products specifically designed to address the complexities of these dynamic markets.”
