202221 Mar

Software maker Anaplan to go private in $9.65 bln deal with Thoma Bravo

Summary

The deal would give Anaplan investors $66 for each share held, a premium of more than 30% over the companys last closing price on Friday. 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. Last month, software company Citrix Systems (CTXS.O) said it would be taken private for $16.5 billion including debt by affiliates of Elliott Management and Vista Equity Partners. read more The news of the Anaplan deal, which has an enterprise value of $10.7 billion, was first reported by the Wall Street Journal. Reporting by Vishal Vivek and Jahnavi Nidumolu in Bengaluru; Editing by Himani Sarkar and Aditya Soni

Source: Reuters

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Companies