Anaplan said that private-equity firm Thoma Bravo had trimmed its takeover offer to $9.60bn, after the software maker agreed to resolve a disagreement regarding compliance with certain merger terms.
Anaplan shareholders will now receive $63.75 per share, compared with the previous offer of $66. The offer price is still at a premium of 26% to Anaplan’s closing price before the deal was announced in March.
Thoma Bravo is one of the largest private equity firms in the world, with more than $114bn in assets under management as of March 31, 2022. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors.
Leveraging the firm’s deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired or invested in more than 380 companies representing over $190 billion in enterprise value.
Read more: Reuters
