| Deal Structure and Party Summary | ||
|---|---|---|
| Deal Structure | Public Target Merger | |
| Acquirer | Elliott Investment Management | |
| Public | No | |
| Industry | Financial Institutions (banks, insurance, diversified) | |
| Additional Acquirer(s) | Star Parent, Inc. | |
| Private equity sponsorship | Yes | |
| Private equity sponsor name(s) |
Elliott Investment Management L.P.; Veritas Capital Fund Management, L.L.C. |
|
| Target | Syneos Health, Inc. | |
| Public | Yes | |
| Industry | Business Services | |
| Private equity sponsorship(s) | No | |
| Key Transaction Characteristics and Terms | ||
|---|---|---|
| Status | Pending | |
| Announcement date | May 10, 2023 | |
| Transaction value | $7.1 billion | |
| Form of consideration | Cash | |
| Type of merger | Reverse Triangular | |
| Tender offer | No | |
| Go-Shop/No-Shop Terms | ||
|---|---|---|
| No-Shop Provision | Yes | |
| Go-shop Provision | No | |
| Transaction Advisors | ||
|---|---|---|
| Seller / Target Counsel | ||
| Law firm #1 | Latham & Watkins LLP | |
| Individual attorney(s) |
Joshua Dubofsky; Javier Stark |
|
| Acquirer Counsel | ||
| Law firm #1 | Gibson, Dunn & Crutcher LLP | |
| Individual attorney(s) |
Richard J. Birns; Andrew Kaplan; Kristen P. Poole |
|
| Law firm #2 | Kirkland & Ellis LLP | |
| Individual attorney(s) |
Michael E. Weisser; Maggie D. Flores; Daniel Wolf |
|
| Additional law firm(s) | Milbank LLP | |
| Seller / Target Financial Advisors | ||
| Financial advisor #1 | Centerview Partners LLC | |
| Financial advisor #2 | BofA Securities, Inc. | |
Press Release (Access the original source document)
05/10/2023
Press Release Announcing Transaction (on Form DEFA14A)