Covid buyout drama will unfold in tense third act

Instructure Holdings

24/05/2024 14:29

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are his own.)
    By Jonathan Guilford
       NEW YORK, May 24 (Reuters Breakingviews) - Thoma Bravo’s
2020 takeover of software developer Instructure in many ways
encapsulates the tech deal boom. A quick IPO capitalized on the
era’s exuberance before debt and a slowdown took hold. The
latest sale effort sets the stage for other uplifting or tragic
denouements.

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    Thoma Bravo is exploring a sale of Instructure, Reuters
reported on May 17, about four years after its $2 billion
leveraged buyout of the education software developer in March
2020. The private equity firm still holds an 84% stake following
the company’s return to the public market in July 2021.

 (Editing by Jeffrey Goldfarb and Pranav Kiran)
 ((For previous columns by the author, Reuters customers can
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