What did Dassault Systemes pay for Medidata Solutions, Inc.?

Dassault Systemes acquired Medidata Solutions, Inc. for $5.80B in 2019 (32.4x EBITDA), equivalent to 7.80x revenue. Target revenue was approximately $740.0M. Target EBITDA was approximately $179.0M.

What does Medidata Solutions, Inc. do?

Medidata Solutions, Inc. is a healthtech business.

What multiple did Dassault Systemes pay for Medidata Solutions, Inc.?

32.4x EBITDA and 7.80x revenue, based on disclosed deal value of $5.80B and disclosed financials.

M&A TRANSACTION · 2019

Medidata Solutions, Inc. acquired by Dassault Systemes

$5.80B· 32.4x EBITDA· 7.80x revenue

Target

Medidata Solutions, Inc.

Acquirer

Dassault Systemes

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$740.0M

EBITDA

$179.0M

Deal Value

$5.80B

EV/EBITDA

32.4x

Context

This $5.80B acquisition of Medidata Solutions, Inc. by Dassault Systemes sits in the healthtech sub-vertical. The 32.4x EBITDA multiple paid in 2019 can be compared against the population median for healthtech transactions of similar size on our Healthtech valuation hub. Dassault Systemes is acquiring as a strategic buyer; see how strategic acquirers typically price healthtech businesses on our Healthtech strategic buyer-pool page.

Source

Data sourced from SEC Fairness Opinion — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2019). Medidata Solutions, Inc. acquired by Dassault Systemes. https://exitvalue.ai/deals/medidata-solutions-inc-acquired-by-dassault-systemes-fairness-opi