M&A Deal Summary

Thoma Bravo Acquires Anaplan

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

Acquisition Highlights
  • This is Thoma Bravo’s 21st transaction in the Internet Software and Services sector.
  • This is Thoma Bravo’s 2nd largest (disclosed) transaction.
  • This is Thoma Bravo’s 108th transaction in the United States.
  • This is Thoma Bravo’s 2nd transaction in Florida.

M&A Deal Summary
Date 2022-03-20
Target Anaplan
Sector Internet Software and Services
Buyer(s) Thoma Bravo
Deal Type Going Private
Deal Value 10.7B USD
Advisor(s) Goldman Sachs
Qatalyst Partners (Financial)
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP
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) 1

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 120 of 138
Sector (Internet Software and Services) 21 of 27
Type (Going Private) 28 of 39
State (Florida) 2 of 2
Country (United States) 108 of 119
Year (2022) 3 of 12
Size (of disclosed) 2 of 47
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
Mergr

Product

Company

Legal