Thoma Bravo buys Anaplan for $10.7 billion

Private equity firm Thoma Bravo LP has entered into a deal to acquire Anaplan Inc. For $10.7 billion, according to people familiar with the matter, it was the most recent recently A series of large leveraged acquisitions.

People said Anaplan shareholders would get $66 per share in cash. And they said Annaplan CEO Frank Calderoni plans to continue leading the company.

Based in San Francisco, Anaplan makes software that helps companies plan by modeling different forecast outcomes. The company has more than 1,900 customers around the world, including Coca-Cola, Shell PLC and

VMware company ,

VMW 1.34%

which uses its cloud offerings to manage sales operations, supply chains, inventories and financial planning.

Shares of Anaplan, which was founded in 2006 and Released to the public in 2018closed at $50.59 on Friday.

The buying firms, filled with huge piles of cash, were on their way to closing deals. Software, with its steady cash flow, has been a particularly hot area.

Anaplan will be the latest big software company in a private deal. In January, Vista Equity Partners and the private equity arm of Elliott Management Corp. to buy

Citrix Systems company

about About 13 billion dollars. In November, Advent International Corp. and Permira $12 billion deal McAfee Corp. Other large LBOs that have been worked on include one for a TV rating company

Nielsen Holdings

PLC it It could be worth about $15 billion Including debt, the Wall Street Journal reported.

Last week, activist investor Sakim, head of Capital Management LP, disclosed a roughly 5% stake in Annaplan. Sakim Head is part of a group of activists who together hold a larger stake, according to one of the files.

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With offices in San Francisco, Chicago, and Miami, Thoma Bravo specializes in buying business software companies and helping spur their growth. The company, which manages more than $103 billion, has done even bigger deals recently. Last year, Proofpoint Inc. in a bargain Worth more than $10 billion.

write to Miriam Gottfried at [email protected]

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It appeared in the March 21, 2022, print edition as “Software Maker Set to Go Private.”

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