Thoma Bravo In Deal To Buy Anaplan For $10.7B

Private equity firm Thoma Bravo LP has struck a deal to buy software maker Anaplan for $10.7 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

Anaplan shareholders will receive $66 a share in cash and its chief executive, Frank Calderoni, plans to continue leading the company, the newspaper cited. Calderoni has over 30 years experience in the tech industry, including heavyweight Cisco.

Anaplan makes software that helps businesses plan by modeling for different forecasting outcomes, the paper said. The firm’s services include various analytics and consultancies geared towards tech companies. The firm is one of many technologically-powered business-accelerators to have emerged as the digital economy expands.

Buyout firms, flush with giant piles of cash, have been on a deal-making tear. Software, with its steady cash flows, has been a particularly hot area.

Anaplan would be the latest big software company in a take-private deal. In January, Vista Equity Partners and the private-equity arm of Elliott Management Corp. agreed to buy Citrix Systems Inc. for about $13 billion. And in November, Advent International Corp. and Permira announced a $12 billion deal for McAfee Corp. Other big LBOs that have been in the works include one for TV-ratings company Nielsen Holdings PLC that could be worth about $15 billion including debt, the Journal has reported.

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