Daily News: January 31, 2017

Crystal Financial Supports Model N’s Revitas Buy


Crystal Financial provided a $50 million term loan facility for Model N.

Based in Redwood City, CA, Model N is a provider of cloud-based revenue management solutions to life sciences, technology and manufacturing companies.

Proceeds from the transaction were used to complete the acquisition of Revitas, also a provider of life sciences revenue management software, which closed January 5, 2017.

Mark Tisdel, chief financial officer of Model N, said, “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.”

“There is no question that in today’s competitive and complex environment, the capabilities in the Model N Revenue Management solution are a must have for their customers to grow their revenue and enhance profitability,” said Steven A. Migliero, Jr., senior managing director of Crystal Financial.