M&A
confidence high
sentiment positive
materiality 0.75
Certara acquires Pinnacle 21 for $310M in cash and stock
Certara, Inc.
- Enterprise value $310M: $250M cash + $60M in newly issued Certara shares.
- Acquisition expected to be immediately accretive to revenue, revenue growth, and adjusted EBITDA margin.
- Pinnacle 21 provides FDA/PMDA-required clinical data standardization software; 22 of top 25 pharma companies are customers.
- Transaction unanimously approved; expected to close early Q4 2021 subject to regulatory approvals.
- Deal expands Certara's biosimulation platform into data fitness and regulatory software.