Thoma Bravo LP to Buy Anaplan Inc. for $10.7 Billion

Thoma Bravo, the private equity firm has struck a deal to buy Anaplan Inc for $10.7 billion. Based on the terms of the transaction previously reported Anaplan shareholders will receive $66 in cash per share, the company said.  Frank Calderoni, Anaplan's CEO, will continue to lead the company.

Based in San Francisco, Anaplan creates software to help businesses plan by creating models of different forecasts. The company has more than 1,900 customers worldwide, including Coca-Cola Co., Shell PLC, VMware Inc. and  VMW 1.34%, and uses cloud-based products to manage sales operations, supply chains, inventory and financial planning. doing.

Mr Calderoni said that the demand for planning software got fueled by the pandemic. Anaplan was founded in 2006 and went public in 2018. 

Last week, activist investor Sachem Head Capital Management LP announced a nearly 5% stake in Anaplan. According to Filing, Sachem Head is part of a group of activists with even greater stakes.

With offices in San Francisco, Chicago and Miami, Thomas Bravo specialise in the buying and growth of enterprise software companies. With over $103 billion in management, the company has recently made bigger deals. Last year, it acquired Proofpoint Inc. with over $10 billion in transactions.