M&A Deal Summary

Thoma Bravo and AIMCo Acquire Anaplan

On March 20, 2022, private equity firm Thoma Bravo and pension AIMCo acquired internet software and services company Anaplan for 10.7B USD

Acquisition Highlights
  • This is Thoma Bravo’s 21st and AIMCo’s 5th transaction in the Internet Software and Services sector.
  • This is Thoma Bravo’s 3rd and AIMCo’s 2nd largest (disclosed) transaction.
  • This is Thoma Bravo’s 111th and AIMCo’s 17th transaction in the United States.
  • This is Thoma Bravo’s 2nd and AIMCo’s 1st transaction in Florida.

M&A Deal Summary

Date 2022-03-20
Target Anaplan
Sector Internet Software and Services
Buyer(s) Thoma Bravo
AIMCo
Deal Type Going Private
Deal Value 10.7B USD
Advisor(s) Goldman Sachs
Qatalyst Partners (Financial)
Gunderson Dettmer
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Anaplan

Miami, Florida, United States
Anaplan develops cloud-based software for creating sales, operations, and finance models and business plans. Anaplan was founded in 2008 and is based in Miami, Florida.

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Buyer(S) 2

Buyer

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 122 of 151
Sector: Internet Software and Services M&A 21 of 28
Type: Going Private M&A Deals 28 of 43
State: Florida M&A 2 of 2
Country: United States M&A 111 of 132
Year: 2022 M&A 3 of 12
Size (of disclosed) 3 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 Veracode

Burlington, Massachusetts, United States

Veracode develops products to help secure web, mobile and third-party applications across the software development lifecycle. Veracode's complete set of offerings help customers reduce the risk of data breaches, increase the speed of secure software delivery, meet compliance requirements, and cost effectively secure their software assets- whether that’s software they make, buy or sell. Veracode was founded in 2005 and is based in Burlington, Massachusetts.

Sell $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 SailPoint

Austin, Texas, United States

SailPoint provides independent identity and access management (IAM) solutions to securely and effectively deliver and manage user access from various devices to data and applications residing in the datacenter, on mobile devices, and in the cloud for organizations worldwide. SailPoint was founded in 2004 and is based in Austin, Texas.

Buy $6.9B
Buyer

AIMCo

Investor Investor Investor Investor Investor


Category Pension
Founded 2008
PE ASSETS 179.6B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

AIMCo is a Canadian diversified institutional investment manager serving pension, endowment and government funds in the province of Alberta. In addition to investing in public equities, fixed income, and debt, AIMCo looks to invest in private equity, real estate, timberlands, and infrastructure. AIMCo's private equity group invests in funds and directly in companies throughout North America and Western Europe. Areas of interest include consumer, industrials, business services, financial services, technology, and healthcare. AIMCo is based in Edmonton, with additional offices in Toronto and London.


DEAL STATS #
Overall 33 of 40
Sector: Internet Software and Services M&A 5 of 5
Type: Going Private M&A Deals 5 of 5
State: Florida M&A 1 of 1
Country: United States M&A 17 of 22
Year: 2022 M&A 1 of 5
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 Eolia

Madrid, Spain

Eolia is an independent power producer in the Spanish renewable energy sector, engaged in the development, construction and operation of wind farms and solar photovoltaic plants. Eolia was founded in 2007 and is based in Madrid, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 Emmes

Rockville, Maryland, United States

Emmes is a global, tech-enabled full-service clinical research organization (CRO) platform dedicated to supporting the advancement of public health and biopharmaceutical innovation. Emmes was founded in 1977 and is based in Rockville, Maryland.

Buy -