Anaplan Stock Surges on Deal to Be Bought by Thoma Bravo for $10.7 Billion

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Anaplan
,
a provider of business-planning software, agreed to be acquired by private-equity firm Thoma Bravo for $66 a share, or $10.7 billion.

The offer is a premium of about 46% to the volume weighted average price of Anaplan stock for the five days ended March 18, the companies said in a press release.

Shares of Anaplan (ticker: PLAN) were jumping almost 27% to $64.21 in premarket trading Monday. The stock closed Friday at $50.59. Prior to Monday, the shares have risen 10.3% year to date but have fallen nearly 7% over the past one year.

The deal is expected to close in the first half of 2022. Anaplan will become a privately held company once the deal closes.

The acquisition “is a clear validation of our team’s outstanding work and the start of an exciting new chapter for Anaplan, our customers, and our partner ecosystem,” said Anaplan Chairman and Chief Executive Frank Calderoni. “We are confident that Thoma Bravo’s resources and insights will help us accelerate and scale our growth strategy.”

Calderoni plans to continue to lead Anaplan, according to The Wall Street Journal, which first reported the news of the acquisition.

The purchase of Anaplan continues a string of private-equity purchases of software companies. The most recent was

Citrix Systems

 , the cloud computing company, which reached a deal in late January to be bought for $16.5 billion, including debt, by Elliott Management and Vista Equity Partners.

Write to Joe Woelfel at [email protected]