Thoma Bravo to Take Anaplan Private

Posted on 03/21/2022


Thoma Bravo agreed to buy Anaplan, Inc. (NYSE: PLAN), a San Francisco-based provider of business planning and performance management software. The deal is for US$ 66.00 per share in an all-cash transaction valued at approximately US$ 10.7 billion. 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.

Tech buyout funds are seeking cloud software stocks.

Anaplan went public in 2018.

Advisors
Goldman Sachs & Co. LLC and Qatalyst Partners are acting as financial advisors and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP and Skadden, Arps, Slate, Meagher & 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.

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