SAN MATEO, Calif.--(BUSINESS WIRE)--Model N (NYSE: MODN), a leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses..

加利福尼亚州圣马特奥——（商业新闻短讯）——Model N（纽约证券交易所代码：MODN）是制药、医疗技术和高科技创新者收入优化和合规方面的领导者，今天宣布，它已签署一项最终协议，由Vista Equity Partners（“Vista”）收购，Vista Equity Partners是一家专注于企业软件、数据和技术支持业务的全球领先投资公司。。

Under the terms of the agreement, Vista will acquire all the outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion. The purchase price represents a premium of approximately 23% over Model N’s 30-trading-day volume weighted average share price as of the close on January 10, 2024, the day prior to the Model N Board of Directors authorizing its financial advisor to contact potential acquirors, and a premium of approximately 16% over Model N’s 30-trading-day volume weighted average share price as of the close on April 5, 2024..

根据协议条款，Vista将以每股30.00美元的价格收购N型普通股的所有流通股，这是一笔价值约12.5亿美元的全现金交易。收购价格比N型公司董事会授权其财务顾问联系潜在收购人的前一天2024年1月10日收盘时N型公司30个交易日成交量加权平均股价溢价约23%，比2024年4月5日收盘时N型公司30个交易日成交量加权平均股价溢价约16%。。

“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.”.

Model N董事会主席Baljit Dail表示：“我们很高兴与Vista达成这项协议，这是董事会在财务和法律顾问的协助下领导的稳健销售过程的高潮。”。“由于董事会考虑了N型公司的长期发展道路，我们一致认为，与Vista的交易是向股东提供令人信服的、确定的和即时的现金价值的最佳机会，并且鉴于N型公司作为一家独立上市公司面临的挑战，符合他们的最佳利益。”。

Jason Blessing, Model N President and Chief Executive Officer, said, “The need for revenue optimization and compliance solutions that deliver comprehensive visibility and control is greater than ever. As a private company under Vista’s ownership, we will have the added resources to navigate this dynamic market and drive ARR growth for the long term.

Model N总裁兼首席执行官杰森·布莱斯（Jason Blessing）表示：“现在比以往任何时候都更需要能够提供全面可视性和控制力的收入优化和合规解决方案。作为Vista旗下的私营公司，我们将拥有更多资源来驾驭这个充满活力的市场，并推动ARR的长期增长。

Vista understands our strengths, culture, and customer-centric philosophy as we position our company to capture market opportunities and accelerate our global impact.”.

Vista了解我们的优势、文化和以客户为中心的理念，因为我们定位我们的公司以抓住市场机会并加速我们的全球影响力。”。

“Model N is a pioneer in revenue management solutions for the life science and advanced technology industries,” said Michael Fosnaugh, Co-Head of Vista’s Flagship Fund and Senior Managing Director. “They’ve built a strong reputation through a straightforward formula – offering mission-critical products to help maximize revenue growth within some of the most important and innovative companies in the world.”.

Vista旗舰基金联席主管兼高级董事总经理迈克尔·福斯纳（Michael Fosnaugh）表示：“Model N是生命科学和先进技术行业收入管理解决方案的先驱。”。“他们通过一个简单明了的公式建立了良好的声誉-提供关键任务产品，以帮助世界上一些最重要和最具创新性的公司实现最大的收入增长。”。

“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. “We look forward to working closely with the Model N team as they embark on this exciting next chapter.”.

Vista高级副总裁尼克·皮克尔（NickPrickel）表示：“N型产品使领先的生命科学和先进技术公司能够通过专门设计的关键任务产品优化其商业化和合规流程，以应对这些动态市场的复杂性。”。“我们期待着与Model N团队密切合作，因为他们将开始这一激动人心的下一章。”。

Transaction Details

交易详细信息

The transaction is expected to close in mid-2024, subject to customary closing conditions, including approval by Model N stockholders and clearance under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976. Upon completion of the transaction, Model N will become a privately held company and shares of Model N common stock will no longer be listed on any public market..

该交易预计将于2024年年中结束，但须符合惯例的结束条件，包括N型股东的批准以及1976年哈特·斯科特·罗迪诺（HSR）反托拉斯改进法案的批准。交易完成后，Model N将成为一家私人控股公司，Model N普通股的股票将不再在任何公开市场上市。。

Advisors

顾问

Jefferies LLC is serving as exclusive financial advisor and provided a fairness opinion to Model N, and Fenwick & West LLP is serving as legal counsel.

Jefferies LLC担任独家财务顾问，为Model N提供公平意见，Fenwick&West LLP担任法律顾问。

Kirkland & Ellis LLP is acting as legal counsel to Vista.

Kirkland&Ellis LLP担任Vista的法律顾问。

About Model N

关于型号N

Model N is the 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.

Model N是制药、医疗技术和高科技创新者收入优化和合规方面的领导者。我们的智能平台通过集成的技术、数据、分析和专家服务为您的数字转型提供动力，这些服务可以提供深入的洞察力和控制。

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.

我们的集成云解决方案已被证明可以自动化定价、激励和合同决策，以实现业务盈利规模和收入增长。Model N在120多个国家受到世界领先的制药、医疗技术、半导体和高科技公司的信任，包括强生、阿斯利康、史崔克、希捷、博通和微芯片技术。

For more information, visit www.modeln.com..

有关更多信息，请访问www.modeln.com。。

About Vista Equity Partners

关于Vista Equity Partners

Vista is a leading global investment firm with more than $101 billion in assets under management as of September 30, 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.

截至2023年9月30日，Vista是全球领先的投资公司，管理资产超过1010亿美元。该公司专门投资于私募股权、永久资本、信贷和公共股本战略中的企业软件、数据和技术支持组织，采用优先创造持久市场价值的方法，为投资者、公司、客户和员工的全球生态系统创造利益。

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.

Vista的投资以可观的长期资本基础、构建技术导向交易的经验以及推动可持续增长的经验证的灵活管理技术为基础。维斯塔认为，技术的变革力量是实现更美好未来的关键——一个更健康的地球，一个更智慧的经济，一个多元化和包容性的社区，以及一条更广阔的繁荣之路。

Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on X, @Vista_Equity..

有关更多信息，请访问vistaequitypartners.com。在LinkedIn、@Vista Equity Partners和X、@Vista\U Equity上关注Vista。。

Additional Information and Where to Find It

其他信息以及在哪里可以找到它

This press release may be deemed to be solicitation material in respect of the proposed transaction involving Model N, Inc. (“Model N”) and affiliates of Vista Equity Partners. In connection with the proposed transaction, Model N intends to file with the Securities and Exchange Commission (the “SEC”) and furnish to stockholders a proxy statement.

本新闻稿可能被视为涉及Model N，Inc.（“Model N”）和Vista Equity Partners附属公司的拟议交易的招标材料。关于拟议交易，Model N打算向证券交易委员会（“SEC”）提交文件，并向股东提供一份委托书。

This press release is not a substitute for the proxy statement or any other document that Model N may file with the SEC or send to its stockholders in connection with the proposed transaction. INVESTORS AND STOCKHOLDERS OF MODEL N ARE URGED TO READ THE PROXY STATEMENT AND OTHER RELEVANT MATERIALS WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE PROPOSED TRANSACTION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT MODEL N AND THE PROPOSED TRANSACTION.

本新闻稿不能替代代理声明或Model N可能向SEC提交或发送给其股东的与拟议交易有关的任何其他文件。在就拟议交易做出任何投票决定之前，敦促N型投资者和股东阅读委托书和其他相关材料，因为它们将包含有关N型和拟议交易的重要信息。

The materials to be filed by Model N will be made available to Model N’s investors and stockholders at no expense to them and copies may be obtained free of charge on Model N’s website at https://investor.modeln.com/. In addition, all of those materials will be available at no charge on the SEC’s website at www.sec.gov..

Model N提交的材料将免费提供给Model N的投资者和股东，副本可在Model N的网站上免费获得，网址为https://investor.modeln.com/.此外，所有这些材料都将在美国证券交易委员会的网站www.SEC.gov上免费提供。。

Model N and its directors, executive officers, other members of its management and employees may be deemed to be participants in the solicitation of proxies of Model N stockholders in connection with the proposed transaction under SEC rules. Investors and stockholders may obtain more detailed information regarding the names, affiliations and interests of Model N’s executive officers and directors in the solicitation by reading Model N’s proxy statement for its 2024 annual meeting of stockholders, the Annual Report on Form 10-K for the fiscal year ended September 30, 2023 and the subsequent Quarterly Reports on Form 10-Q, and the proxy statement and other relevant materials that will be filed with the SEC in connection with the proposed transaction when they become available.

范本N及其董事、执行官、管理层其他成员和员工可被视为根据SEC规则就拟议交易征集范本N股东代理人的参与者。投资者和股东可以通过阅读Model N 2024年股东年会的委托书、截至2023年9月30日财年的10-K表年度报告和随后的10-Q表季度报告，以及委托书和其他相关材料，获得更多有关Model N高管和董事姓名、隶属关系和利益的详细信息，这些材料将在可用时提交给SEC。

Information concerning the interests of Model N’s participants in the solicitation, which may, in some cases, be different than those of the Model N’s stockholders generally, will be set forth in the proxy statement relating to the proposed transaction when it becomes available..

在某些情况下，可能与N型股东的利益有所不同，有关N型参与者在招标中的利益的信息将在与拟议交易相关的代理声明中予以规定。。

Forward-Looking Statements

前瞻性声明

This press release may contain forward-looking statements including, among other things, statements regarding the potential benefits of the proposed transaction; the prospective performance and outlook of Model N’s business, performance and opportunities; the ability of the parties to complete the proposed transaction and the expected timing of completion of the proposed transaction; as well as any assumptions underlying any of the foregoing.

本新闻稿可能包含前瞻性声明，其中包括有关拟议交易潜在利益的声明；模型N的业务、业绩和机会的预期业绩和前景；双方完成拟议交易的能力以及拟议交易的预期完成时间；以及上述任何假设。

The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.

“相信”、“可能”、“会”、“估计”、“继续”、“预期”、“打算”、“预期”等词语以及类似的表达都是为了识别前瞻性陈述。这些前瞻性陈述受到风险、不确定性和假设的影响。如果风险具体化或假设不正确，实际结果可能与这些前瞻性陈述所暗示的结果存在重大差异。

Risks include, but are not limited to: (i) the ability to obtain the requisite approval from stockholders of Model N; (ii) the risk that the proposed transaction may not be completed in a timely manner or at all; (iii) the possibility that competing offers or acquisition proposals for Model N will be made; (iv) the possibility that any or all of the various conditions to the consummation of the proposed transaction may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities; (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, including in circumstances that would require Model N to pay a termination fee or other expenses; (vi) the effect of the pendency of the proposed transaction on Model N’s ability to retain and hire key personnel, its ability to maintain relationship.

风险包括但不限于：（i）获得模型N股东必要批准的能力；（ii）拟议交易可能无法及时或根本无法完成的风险；（iii）对模型N提出竞价或收购提议的可能性；（iv）可能无法满足或放弃完成拟议交易的任何或所有条件，包括未能获得任何适用政府实体的任何必要监管批准；（v） 发生任何可能导致合并协议终止的事件、变更或其他情况，包括需要模型N支付终止费或其他费用的情况；（vi）拟议交易的悬而未决对模型N保留和雇用关键人员的能力及其维持关系的能力的影响。