Wednesday 22 June 2022

US-based software investment firm Thoma Bravo has entered into a definitive agreement to acquire US-based business planning software company Anaplan, Inc (NYSE: PLAN) for USD 66.00 per share in an all-cash transaction valued at approximately USD 10.7bn, the firm said.

The offer represents a premium of approximately 46% to the volume weighted average price of Anaplan stock for the five days ending March 18, 2022.

Upon completion of the transaction, Anaplan will become a privately held company.

With completion of the transaction, Anaplan's common stock will no longer be listed on the New York Stock Exchange.

Goldman Sachs and Co. LLC and Qatalyst Partners are acting as financial advisors and Gunderson Dettmer Stough Villeneuve Franklin and Hachigian, LLP and Skadden, Arps, Slate, Meagher and Flom LLP are serving as legal advisors to Anaplan.

Kirkland and Ellis LLP is serving as legal counsel to Thoma Bravo. Financing for the transaction is being provided by Owl Rock Capital, Blackstone Credit, Golub Capital and Apollo Global Management through their respective managed funds.

Anaplan (NYSE: PLAN) uses its proprietary Hyperblock technology to allow businesses to contextualize real-time performance, and forecast future outcomes.

Based in San Francisco, Anaplan has over 175 partners and more than 1,900 customers worldwide.

Thoma Bravo is one of the largest private equity firms in the world, with more than USD 103bn in assets under management as of December 31, 2021.