Anaplan was acquired by Thoma Bravo in a private deal that valued the company at $10.7 billion.
This marked a significant milestone in Anaplan's history, as it transitioned from a publicly traded company to a privately owned one.
The acquisition was announced on January 25, 2022.
It's worth noting that Thoma Bravo has a track record of investing in and growing software companies, which likely played a role in its decision to acquire Anaplan.
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Anaplan to Go Private
Anaplan has agreed to be taken private by Thoma Bravo LP for $9.65 billion in cash.
The deal will give Anaplan investors $66 for each share held, a premium of more than 30% over the company's last closing price on Friday.
Anaplan makes software that helps businesses model different forecasting outcomes and has more than 1,900 customers worldwide.
Its revenue rose by about a third in the year to Jan. 31, while losses widened.
The highly leveraged buyout is the latest in the software sector, whose rapid growth during the COVID-19 pandemic has attracted interest from private equity players.
Thoma Bravo plans to acquire Anaplan for $66.00 per share in an all-cash transaction valued at approximately $10.7 billion.
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Via $10B Deal
Anaplan is going private after a $10B deal with Thoma Bravo. This acquisition marks a significant shift in the company's ownership and direction.
Thoma Bravo is a private equity firm with a proven track record of investing in software companies. They have a deep understanding of the industry and will likely play a key role in shaping Anaplan's future.
The deal is valued at $10 billion, which is a staggering amount for a company that was just valued at $10.7 billion in its last public market valuation. This suggests that Thoma Bravo is confident in Anaplan's potential for growth.
The acquisition is expected to be completed in the coming months, pending regulatory approval.
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Software Maker to Go Private
Anaplan, a software maker, will be taken private by Thoma Bravo LP for $9.65 billion in cash.
The deal will give Anaplan investors $66 for each share held, a premium of more than 30% over the company's last closing price on Friday.
This is the latest in the software sector, with rapid growth during the COVID-19 pandemic attracting interest from private equity players.
Anaplan makes software that helps businesses model different forecasting outcomes and has more than 1,900 customers worldwide.
The company's revenue rose by about a third in the year to Jan. 31, while losses widened.
The highly leveraged buyout has an enterprise value of $10.7 billion.
The deal was first reported by the Wall Street Journal.
Frequently Asked Questions
Why was Anaplan delisted?
Anaplan was delisted from the New York Stock Exchange due to its acquisition, which is expected to close in the first half of 2022. The acquisition was approved by Anaplan's board and will result in the company being taken private.
Is Thoma Bravo prestigious?
Yes, Thoma Bravo is considered one of the top firms in the industry, known for its excellence and reputation. Its prestige is a testament to its success and expertise.
Sources
- https://www.thomabravo.com/press-releases/thoma-bravo-completes-acquisition-of-anaplan
- https://www.gunder.com/en/news-insights/client-news/anaplan-10-7b-acquisition-by-thoma-bravo
- https://erp.today/thoma-bravo-acquires-anaplan-for-10-7bn/
- https://www.crn.com/news/applications-os/sap-rival-anaplan-to-become-private-via-thoma-bravo-s-10b-acquisition
- https://www.techzine.eu/news/analytics/80484/thoma-bravos-acquisition-offer-for-anaplan-cut-to-9-6-billion/
- https://mnacritique.mergersindia.com/news/software-maker-anaplan-to-go-private-in-9-65-bln-deal-with-thoma-bravo/
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