Latham & Watkins Advises Direct Lenders on Financing To Support Thoma Bravo’s US$10.7 Billion Acquisition of Anaplan

Anaplan, Inc. (NYSE: PLAN), provider of a leading cloud-native platform for orchestrating business performance, has announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, for US$66 per share in an all-cash transaction valued at approximately US$10.7 billion. The offer represents a premium of approximately 46% to the volume weighted average price of Anaplan stock for the five days ending March 18, 2022. Upon completion of the transaction, Anaplan will become a privately held company. The transaction is expected to close in the first half of 2022 subject to customary closing conditions.

Latham & Watkins LLP represented the direct lenders, Owl Rock Capital, Blackstone Credit, Golub Capital, and Apollo Global Management, in the recurring revenue financing to support the acquisition with a banking team led by partners Christopher Plaut, Josh Holt, David Teh, Alfred Xue, and Jesse Sheff, with counsel Clever Gallegos and associates Katherine Page, Jonathan Goldberg, Michael Waldman, Juan Carlos Olivares, Kevin Castillo, Brent Begany, Eric Dang, and Fizza Hasan.