Vista Fairness to take income optimization platform Mannequin N non-public in $1.25B deal

Model N, a platform utilized by firms reminiscent of Johnson & Johnson, AstraZeneca, and AMD to automate selections associated to pricing, incentives, and compliance, is going private in a $1.25 billion deal with non-public fairness agency Vista Fairness Companions. The acquisition underscores how PE corporations proceed to scoop up tech firms which have struggled to carry out effectively in public markets within the final couple of years.

Vista Fairness is doling out $30 per share within the all-cash transaction, representing a 12% premium on Friday’s closing worth, and 16% on its 30-day common.

That is Vista Fairness’s fifth such acquisition previously 18 months, following Avalara ($8.4 billion); KnowBe4 ($4.6 billion); Duck Creek Applied sciences ($2.6 billion); and EngageSmart ($4 billion).

Based in 1999, Mannequin N’s software program integrates with varied knowledge sources and inside techniques to assist firms analyze tendencies, pricing efficacy, market demand, and extra. The platform is usually utilized in industries reminiscent of prescribed drugs and life sciences, the place there could also be advanced pricing constructions, and the place regulatory or market adjustments can influence enterprise.

The San Mateo-headquartered firm went public on the New York Inventory Change (NYSE) in 2013, and it has typically carried out effectively within the intervening years — notably since round 2019, when its market cap steadily began to extend, hitting an all-time excessive of $1.6 billion final yr. Nonetheless, its valuation has typically hovered under the $1 billion marketplace for the previous six months, sparking Vista Fairness Companions into motion right now.