Thoma Bravo Acquires Anaplan for $10.7 Billion

Issue 115

Thoma Bravo has agreed to buy software company Anaplan for $10.7 billion. Bravo will be purchasing the company for $66 per share which is 30% higher than the closing price on Friday. The acquisition will keep in place Anaplan’s current management. Anaplan which originally went public in 2018 has decided to go private as rising interest rates and the Russian invasion of Ukraine has caused technology stocks to drop. The acquisition by Bravo is using the price at which the company was being traded back in 2021.This deal follows an influx of private equity-led takeovers throughout the software sector with recent acquisitions including the acquisition of McAfee by Advent International and Permira for $14 billion this month, as well as Elliott Management and Vista Equity’s takeover of Citrix for $16.5 Billion in January.

Source: Financial Times