Dassault Systèmes’s Acquisition of Accelrys, Inc.
January 30, 2014
On January 30, 2014, Dassault Systèmes, the 3DEXPERIENCE Company, the world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, and Accelrys, Inc., a leading provider of scientific innovation lifecycle management software for chemistry, biology and materials, announced the signing of a definitive merger agreement for Dassault Systèmes to acquire San Diego‑based Accelrys, Inc. Cravath represented Dassault Systèmes in connection with this transaction.
Under the terms and conditions of the merger agreement, Dassault Systèmes will make an all cash tender offer for all of the outstanding shares of Accelrys common stock at a price of US$12.50 per share, representing a fully diluted equity value for Accelrys of approximately US$750 million. Dassault Systèmes intends to acquire any shares of Accelrys not tendered into the tender offer, via a merger as soon as practicable after the closing of the tender offer.
The Cravath team included partners Andrew R. Thompson and George E. Zobitz and associate Alan G. Grinceri on M&A matters; partner Michael L. Schler and associate Rachel H. Kiwi on tax matters; partner Eric W. Hilfers and practice area attorney Michael Krasnovsky on executive compensation and benefits matters; practice area attorney Robin C. Landis on antitrust matters; and partner David J. Kappos and practice area attorney Anthony N. Magistrale on intellectual property matters. Matthew G. Jones and Ashley N. Hughes also worked on M&A matters and Michael C. Lucien Jr. also worked on executive compensation and benefits matters.
Related Practices & Industries
People
-
J.D., 1995, New York University School of Lawwith Honors, cum laude
-
B.A., 1991, Franklin & Marshall College
- New York
Education
Admitted In
- Photo
-
-
J.D., 1998, University of Chicago Law Schoolwith Honors
-
A.B., 1995, Princeton University
- New York
Education
Admitted In
- Photo
-
-
J.D., 1990, University of California, Berkeley, School of Law
-
B.S., 1983, University of California, Davissumma cum laude
- New York
- California
- District of Columbia
Education
Admitted In
- Photo
-
-
LL.M., 1979, New York University
-
J.D., 1973, Yale Law School
-
B.A., 1970, Harvard Universitymagna cum laude
Education
Related News & Insights
Deals & Cases
March 18, 2025
Wiz’s $32 Billion Acquisition by Google
On March 18, 2025, Wiz, Inc. (“Wiz”), a leading cloud security platform headquartered in New York, and Google LLC (“Google”) announced they have signed a definitive agreement for Google to acquire Wiz for $32 billion, subject to closing adjustments, in an all‑cash transaction. Once closed, Wiz will join Google Cloud. Cravath is representing Wiz as regulatory counsel in connection with the transaction.
Deals & Cases
March 17, 2025
PepsiCo’s $1.95 Billion Acquisition of poppi
On March 17, 2025, PepsiCo, Inc. (“PepsiCo”) announced that it has entered into a definitive agreement to acquire poppi, a prebiotic soda brand, for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion. The transaction also includes an additional potential earnout consideration subject to the achievement of certain performance milestones within a specified period after closing of the transaction. Cravath is representing PepsiCo in connection with the transaction.
Deals & Cases
February 24, 2025
Bridge Investment Group’s $1.5 Billion Acquisition by Apollo
On February 24, 2025, Bridge Investment Group Holdings Inc. (“Bridge”), a leading alternative investment manager diversified across specialized asset classes, and Apollo Global Management, Inc. (“Apollo”) announced they have entered into a definitive agreement for Apollo to acquire Bridge in an all‑stock transaction with an equity value of approximately $1.5 billion. Under the terms of the transaction, Bridge stockholders and Bridge OpCo unitholders will receive 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively, valued by the parties at $11.50 per each share of Bridge Class A common stock and Bridge OpCo Class A common unit, respectively. Cravath is representing the special committee of the Bridge Board of Directors in connection with the transaction.
Deals & Cases
February 10, 2025
FactSet’s Acquisition of LiquidityBook
On February 10, 2025, FactSet, a global financial digital platform and enterprise solutions provider, announced the acquisition of LiquidityBook, a leading provider of cloud‑native buy- and sell‑side trading solutions, for a gross purchase price of $246.5 million in cash. Cravath is representing FactSet in connection with the transaction.
