13 05 2016

Quintiles to Merge with IMS Health

Weil Gotshal & Manges, Cleary Gottlieb Steen & Hamilton, Sullivan & Cromwell, Morris Nichols Arsht & Tunnell, Bryan Cave, Smith Anderson Blount Dorsett Mitchell & Jernigan and Simpson Thacher & Bartlett have advised on the deal.


The merged company will be named Quintiles IMS Holdings, Inc. Based on the closing of IMS Health and Quintiles common stock prices on May 2, the equity market capitalization of the joined companies is more than $17.6 billion and the enterprise value is more than $23 billion. Under the terms of the merger agreement, IMS Health shareholders will receive a fixed exchange ratio of 0.384 shares of Quintiles common stock for each share of IMS Health common stock. Upon completion of the merger, IMS Health shareholders will own approximately 51.4% of the shares of the combined company on a fully diluted basis and Quintiles shareholders will own approximately 48.6% of the combined company on a fully diluted basis. Quintiles helps biopharma and other healthcare companies improve their probability of success by connecting insights from their deep scientific, therapeutic and analytics expertise with superior delivery for better outcomes. From advisory through operations, Quintiles is the world’s largest provider of product development and integrated healthcare services, including commercial and observational solutions. IMS Health is a leading global information and technology services company providing clients in the healthcare industry with end-to-end solutions to measure and improve their performance. Goldman Sachs & Co. acted as Financial Advisor of IMS Health. Weil Gotshal & Manges has advised IMS Health with Michael Aiello (Picture), Matthew Gilroy, Kenneth Heitner, Paul Wessel, Frank Adams, Douglas Urquhart and Charan Sandhu. Cleary Gottlieb Steen & Hamilton LLP served as its antitrust counsel with Nicholas Levy, Mark Nelson and Leah Brannon. Sullivan & Cromwell LLP has advised Goldman Sachs & Co. with Stephen M. Kotran, Morris Nichols Arsht & Tunnell LLP served as legal adviser to the independent committee of the IMS Health Board of Directors.

Quintiles was advised by Bryan Cave LLP and Smith Anderson Blount Dorsett Mitchell & Jernigan LLP. Smith Anderson Blount Dorsett Mitchell & Jernigan LLP has advised Quintiles with a team including Amy Batten, Christopher Capel,, Timothy Goettel, Jamison Hinkle, Amanda Keister, Lee Kirby, Jr., Jason Martinez, Caryn McNeill, Bart Norman, Gerald Roach and Donald Tucker, Jr. Simpson Thacher & Bartlett LLP has advised Quintiles’ independent directors with a team including Gary Horowitz, Marni Lerner, Nishal Ramphal and Catherine Burns. Involved fees earner: Michael Aiello - Weil; Matthew Gilroy - Weil; Kenneth Heitner - Weil; Paul Wessel - Weil; Frank Adams - Weil; Frank Adams - Weil; Douglas Urquhart - Weil; Charan Sandhu - Weil; Nicholas Levy - Cleary Gottlieb Steen & Hamilton; Mark Nelson - Cleary Gottlieb Steen & Hamilton; Leah Brannon - Cleary Gottlieb Steen & Hamilton; Stephen Kotran - Sullivan & Cromwell; Gary Horowitz - Simpson Thacher & Bartlett; Marni Lerner - Simpson Thacher & Bartlett; Nishal Ramphal - Simpson Thacher & Bartlett; Catherine Burns - Simpson Thacher & Bartlett; Amy Meyers Batten - Smith, Anderson, Blount, Dorsett, Mitchell & Jerni; Timothy Goettel - Smith, Anderson, Blount, Dorsett, Mitchell & Jerni; Amanda Keister - Smith, Anderson, Blount, Dorsett, Mitchell & Jerni; Jason Martinez - Smith, Anderson, Blount, Dorsett, Mitchell & Jerni; Gerald Roach - Smith, Anderson, Blount, Dorsett, Mitchell & Jerni; Christopher Capel - Smith, Anderson, Blount, Dorsett, Mitchell & Jerni; Jamison Hinkle - Smith, Anderson, Blount, Dorsett, Mitchell & Jerni; Caryn Coppedge McNeill - Smith, Anderson, Blount, Dorsett, Mitchell & Jerni; Lee Kirby - Smith, Anderson, Blount, Dorsett, Mitchell & Jerni; Bart Norman - Smith, Anderson, Blount, Dorsett, Mitchell & Jerni; Donald Tucker - Smith, Anderson, Blount, Dorsett, Mitchell & Jerni;

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