Software maker Anaplan Inc has agreed to be taken private by Thoma Bravo LP for $9.65 billion in cash.
The deal would give Anaplan investors $66 for each share held, a premium of more than 30% over the company’s last closing price on Friday.
Anaplan makes software that helps businesses model different forecasting outcomes and has more than 1,900 customers worldwide.
Anaplan’s revenue rose by about a third in the year to Jan. 31, while losses widened.
The highly leveraged buyout is the latest in the software sector, whose rapid growth during the COVID-19 pandemic has attracted interest from private equity players.