The Wall Street Journal: Thoma Brava to purchase business-software company Anaplan for $10.7 billion

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Private-equity firm Thoma Bravo LP has struck a deal to buy Anaplan Inc. for $10.7 billion, according to people familiar with the matter, the latest in a recent string of big leveraged buyouts.

Anaplan shareholders are to receive $66 a share in cash, the people said. Anaplan Chief Executive Frank Calderoni plans to continue to lead the company, they said.

Based in San Francisco, Anaplan makes software that helps businesses plan by modeling for different forecasting outcomes. The company has more than 1,900 customers worldwide, including Coca-Cola Co., Shell PLC and VMware Inc.,  which use its cloud-based offering to manage their sales operations, supply chains, inventories and financial planning.

Shares of Anaplan
PLAN,
+7.57%
,
which was founded in 2006 and went public in 2018, closed at $50.59 on Friday.

An expanded version of this report appears on WSJ.com.

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