Thoma Bravo, a software investment firm, has acquired Anaplan, a provider of a platform for orchestrating business performance, in an all-cash transaction valued at approximately $10.7 billion.
Anaplan contextualizes real-time business performance, forecasts future outcomes, and enables connected strategy and planning. Based in San Francisco, Anaplan has over 175 partners and more than 1,900 customers worldwide. Thoma Bravo is a private equity firm with more than $103 billion in assets under management.
“Anaplan is a clear leader in Connected Planning, solving critical business priorities for the world’s largest enterprises as they implement strategic and complex digital transformations,” said Holden Spaht, a managing partner at Thoma Bravo. “We have followed Anaplan for years and have seen the incredible value they bring customers through their best-in-class planning platform. We look forward to leveraging Thoma Bravo’s extensive operational and investment expertise in enterprise software to support Anaplan in its future growth.”
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.