Dassault Systèmes’ $5.7 Billion Acquisition of Medidata

Skadden advised Dassault Systèmes on the deal

Dassault Systèmes (Euronext Paris: #13065, DSY.PA) and Medidata Solutions, Inc. (NASDAQ: MDSO), leader of the digital transformation of the Life Sciences industry for clinical development, commercial, and real-world data intelligence, signed a definitive agreement for Dassault Systèmes to acquire Medidata in an all-cash transaction at a price of $ 92.25 per share of Medidata, representing an enterprise value of $5.8 billion.

The transaction was unanimously approved by the Boards of Directors of both companies. Medidata’s fiscal year ended December 31, 2018, and its revenue was $636 million.

With the acquisition of U.S.-based Medidata and its clinical and commercial solutions, Dassault Systèmes will reinforce its position as a science-based company by providing the Life Sciences industry with an integrated business experience platform for an end-to-end approach to research and discovery, development, clinical testing, manufacturing and commercialization of new therapies and health technologies.

Skadden advised Dassault Systèmes on the deal with a team including M&A partners Armand Grumberg (Picture), Howard Ellin (New York), Jeremy London (Washington, D.C.), and associates Rachel Arnett (New York) and Maxwell Kaufman (New York); Executive Compensation and Benefits partner Regina Olshan (New York) and associate Page Griffin (New York Washington, D.C.); CFIUS partner Ivan Schlager (Washington, D.C.) and associate Nathan Mitchell (Washington, D.C.); Antitrust/Competition partners David Wales (Washington, D.C.), Frederic Depoortere(Brussels) and Clifford Aronson (New York); Intellectual Property partner Jose Esteves (New York, Palo Alto) and associate Brianna van Kan (New York); Banking partner Stephanie Teicher (New York); and Tax partners Brian Krause (New York) and Thomas Perrot (Paris).

Involved fees earner: Rachel Arnett – Skadden Arps Slate Meager & Flom; Clifford Aronson – Skadden Arps Slate Meager & Flom; Frederic Depoortere – Skadden Arps Slate Meager & Flom; Howard Ellin – Skadden Arps Slate Meager & Flom; Jose Esteves – Skadden Arps Slate Meager & Flom; Page Griffin – Skadden Arps Slate Meager & Flom; Armand Grumberg – Skadden Arps Slate Meager & Flom; Maxwell Kaufman – Skadden Arps Slate Meager & Flom; Brian Krause – Skadden Arps Slate Meager & Flom; Jeremy London – Skadden Arps Slate Meager & Flom; Nathan Mitchell – Skadden Arps Slate Meager & Flom; Regina Olshan – Skadden Arps Slate Meager & Flom; Thomas Perrot – Skadden Arps Slate Meager & Flom; Ivan Schlager – Skadden Arps Slate Meager & Flom; Stephanie Teicher – Skadden Arps Slate Meager & Flom; Brianna van Kan – Skadden Arps Slate Meager & Flom; David Wales – Skadden Arps Slate Meager & Flom;

Law Firms: Skadden Arps Slate Meager & Flom;

Clients: Dassault Systèmes;