Jul 26, 2024 - Business

KKR to acquire edtech company Instructure for $4.8 billion

Kia Kokalitcheva

Illustration of a computer with a chalkboard screen featuring dollar signs — Illustration: Sarah Grillo/Axios

KKR, with participation from Dragoneer, will acquire Instructure Holdings for $4.8 billion, or $23.60 per share, in an all-cash transaction including Thoma Bravo's stake.

Why it matters: It's another chapter in Instructure's journey in and out of the public market. Thoma Bravo took the company private in 2020, and listed it back on the stock market a year later.

Zoom in: The price is at a 16% premium of Instructure's May 17 stock price, when reports surfaced of a potential sale.

The bottom line...via Bloomberg: "A take-private of the company is the second involving an education software provider in quick succession. Bain Capital agreed in June to buy PowerSchool Holdings Inc. in a $5.6 billion deal."

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KKR to acquire edtech company Instructure for $4.8 billion

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