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Monday, October 28, 2019

Dassault Systèmes announces CFIUS clearance for Medidata acquisition

Dassault Systèmes SE ("Dassault Systèmes") and Medidata Solutions, Inc. ("Medidata") announced that the Committee on Foreign Investment in the United States ("CFIUS") approved the proposed acquisition of Medidata by Dassault Systèmes. Receipt of CFIUS clearance was one of the final conditions to the merger. In accordance with the terms of the merger agreement, and subject to the remaining customary closing conditions, the parties are expected to close the transaction in the coming days. Dassault Systèmes would like to include its advisors to this successful transaction: Goldman Sachs Paris Inc. et Cie acted as financial M&A advisor in the acquisition of Medidata Solutions and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor. Rothschild & Co acted as its financial advisor in the successful rating process (S&P A-), the financing of the acquisition and the inaugural senior unsecured Eurobonds placement completed early September for 3.65 billion Euros. Clifford Chance acted as financing legal advisor. Finally, Crédit Agricole CIB, Goldman Sachs, MUFG and Société Générale CIB acted as Joint Global Coordinators of the financing.

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