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Planview Has Agreed to be Acquired by Thoma Bravo

Thursday, January 19, 2017


William Blair acted as the exclusive financial advisor to Planview, Inc., a portfolio company of Insight Venture Partners, in connection with its pending sale to Thoma Bravo. Thoma Bravo will become the new majority shareholder of Planview upon the closing of the transaction, while Insight Venture Partners will maintain its original 2014 capital investment in the company. The transaction is expected to close next month, capping a year in which William Blair successfully advised on 16 software M&A transactions with a cumulative value of approximately $7 billion.

Transaction Highlights

  • Deep relationships and unparalleled domain expertise: Insight and Planview were attracted to William Blair’s extensive knowledge and industry experience within the enterprise software sector, as well as strong relationships with—and unique insight into—the most aggressive and likely financial acquirers.
  • Process and execution excellence: William Blair constructed and managed an extremely competitive and highly efficient custom process with a targeted group of potential financial acquirers. Successfully positioning Planview as a mission-critical asset, William Blair produced a strong competitive dynamic and ultimately facilitated an exceptional outcome for Planview’s shareholders.
  • Instrumental guidance and counsel:  William Blair’s transaction team was integrally involved throughout each step of the transaction process, including close collaboration with Planview in developing marketing materials, coordinating due diligence with multiple parties, and negotiating key contract terms.

About the Companies

Founded in 1989, Planview is the established market leader of work and resource management, with the industry’s most comprehensive portfolio of solutions for strategic planning, portfolio and resource management, work collaboration, and enterprise architecture. Based in Austin, Texas, Planview serves more than 3,000 enterprise customers.

Insight Venture Partners is a leading global private equity and venture capital firm. The firm has raised more than $8 billion and invested in more than 200 software, e-commerce, internet, and data-services companies.

Thoma Bravo is a leading private equity investment firm building on a more than 30-year history of providing equity and strategic support to experienced management teams and growing companies. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives, and make accretive acquisitions. Thoma Bravo invests with a particular focus on application and infrastructure software and technology-enabled services. The firm currently manages a series of private equity funds representing more than $9 billion of equity commitments.

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