KKR, Francisco Partners vying to acquire Instructure, sources say

Instructure Holdings

03/07/2024 23:24

By Milana Vinn
       July 3 (Reuters) - Private equity firms KKR  KKR.N  and
Francisco Partners are competing to acquire Instructure
 INST.N , a U.S. education software provider with a market value
of $3.4 billion, people familiar with the matter said on
Wednesday.
    The two buyout firms are through to the final round of
bidding for Instructure and are preparing to submit binding
offers next week, the sources said. 
    There is no certainty that private equity firm Thoma Bravo,
which holds an 83% stake in Instructure, will agree to sell it,
and other bidders could emerge, the sources added, requesting
anonymity because the matter is confidential.
    Instructure, KKR, Francisco Partners and Thoma Bravo
declined to comment.

 (Reporting by Milana Vinn in New York 
Editing by Greg Roumeliotis)
 ((Greg.Roumeliotis@thomsonreuters.com; +1 646 223 6022; Reuters
Messaging: greg.roumeliotis.thomsonreuters.com@reuters.net))