Case Summary: Model N

Model N

$50 million Term Loan Co-Lender

Overview

Model N is a leader in cloud-based revenue management solutions for the life sciences, technology and manufacturing industries. They provide a mission critical software solutions to their customers such as Johnson & Johnson, AstraZeneca, Boston Scientific and Microchip Technology, who require the ability to maximize revenue, manage an increasingly complex sales channel process and ensure regulatory compliance.

Situation

The Company was seeking financing to support the acquisition of Revitas, Inc. also a provider of life sciences revenue management software.

Solution

Crystal Financial played a lead role in the $50.0 million senior secured term loan with proceeds used for the acquisition. Upon close, Model N is well positioned to deliver best-in- class revenue management solutions on a global basis.

“The acquisition of Revitas brings together two innovators during a critical time in the pharmaceutical industry. This strategic transaction allows us to accelerate innovation across a broad set of applications. Steve Migliero and the Crystal team were very supportive throughout the process. They were responsive and delivered the financing necessary for this important acquisition.”
-Mark Tisdel, Chief Financial Officer