Owl Rock, a division of Blue Owl, is pleased to support Thoma Bravo in their acquisition of Anaplan. Owl Rock will serve as Administrative Agent on the $3,065 million Senior Secured Credit Facilities. We value our partnership with Thoma Bravo and look forward to their continued success.
To learn more about the transaction, please view the press release from June 22, 2022 below.
SAN FRANCISCO — Anaplan, Inc., provider of a leading cloud-native platform for orchestrating business performance, today announced the completion of its acquisition by Thoma Bravo, a leading software investment firm, in an all-cash transaction valued at approximately $10.4 billion. The acquisition was previously announced on March 20, 2022 and approved by Anaplan stockholders at the Special Meeting of Stockholders held on June 21, 2022.
Under the terms of the amended merger agreement, Anaplan stockholders will receive $63.75 per share in cash, which represents a premium of approximately 41% to the volume weighted average price of Anaplan’s common stock for the five days ending March 18, 2022, the last trading day prior to the date on which Anaplan publicly announced that it had entered into the original merger agreement. With the completion of the acquisition, Anaplan’s common stock has ceased trading and will no longer be listed on the New York Stock Exchange.
Anaplan also announced that Frank Calderoni is stepping down from his role as Chairman and Chief Executive Officer, and Charles Goodman, an outside advisor to Anaplan, has been appointed Chairman and interim Chief Executive Officer, effective immediately. Goodman has more than 30 years of experience leading technology companies and building profitable businesses, previously serving as the CEO of Instructure, Imperva, Frontline Education, Powerplan, and P2 Energy Solutions.
“Under Frank’s leadership, Anaplan emerged as a market leader in Connected Planning, and I am honored to work with the talented team at Anaplan to build upon this strong foundation as we begin this next chapter as a private company,” said Goodman. “The closing of this transaction represents an important milestone, and we are excited to leverage Thoma Bravo’s extensive expertise as we continue to solidify our leadership position and deliver best-in-class solutions for our customers.”
“Anaplan’s cloud native enterprise planning solution is the best product in a large, important, high growth market,” said Holden Spaht, a Managing Partner at Thoma Bravo. “The future of Anaplan is very bright, and we are excited to partner with Charles and the Anaplan team to continue advancing the Company’s vision and drive sustainable value for all stakeholders. We would also like to thank Frank for his many years of leadership in helping to build Anaplan into the preeminent Connected Planning platform that is well-positioned for continued growth and innovation.”
“After following Anaplan’s success for many years, we are delighted to have the opportunity to work closely with the team to help large, global organizations navigate complex problems in an evolving market environment,” said Tara Gadgil, a Partner at Thoma Bravo. “Anaplan’s modern platform and robust innovation engine enable customers to rethink the way they plan for the future, and we look forward to supporting Anaplan as it continues to be a pioneer in the planning space.”