Covington Represents Piramal in $950M Sale of Healthcare Data and Analytics Company

Jan 22, 2020

January 17, 2020

Posted by Covington and Burling LLP

WASHINGTONCovington represented Piramal Enterprises Limited in its definitive agreement to sell Decision Resources Group to Clarivate Analytics plc, in a deal valued at $950 million. The $950 million purchase price includes $900 million in cash and approximately $50 million in Clarivate ordinary shares to be issued following the one-year anniversary of closing.

Piramal Enterprises is one of India's largest diversified companies, with a presence in Financial Services, Pharmaceuticals, and Healthcare Insights & Analytics.

Decision Resources is a provider of high-value data, analytics and insights products and services to the healthcare industry.

Clarivate Analytics™ provides trusted insights and analytics to accelerate the pace of innovation.

The Covington deal team included Ralph VoltmerScott Naturman, and Johanna Bachmair (corporate), Ansgar Simon and Jon Endean (tax), Mike Francese and Brady McDaniel (employee benefits), Winslow Taub and Kathleen Gallagher-Duff (intellectual property), Kurt Wimmer and Anna Kraus (privacy/HIPAA), Jim O’ConnellMiranda Cole, and Habin Chung (antitrust), Heather Haberl and Zachary Schutz (real estate), Don Ridings and Marta Cook (anti-corruption), Kim Strosnider (sanctions), Mike Nonaka (anti-money laundering), Mark Plotkin and Ruchi Gill (CFIUS), Jack Bodner (securities), and Gregor Frizzell (UK corporate).

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