Thoma Bravo explores sale of Instructure, sources say

Instructure Holdings

17/05/2024 22:35

By Milana Vinn
       NEW YORK, May 17 (Reuters) - Private equity firm Thoma
Bravo is exploring a sale of Instructure  INST.N , a U.S.
education software provider with a market value of $3 billion,
people familiar with the matter said on Friday. 
    Thoma Bravo, which took Instructure public in 2021 and now
holds an 83% stake in the company, has tapped JPMorgan Chase
 JPM.N  to gauge the interest of potential buyers that include
other buyout firms, the sources said.
    The sources cautioned no deal is certain and requested
anonymity because the matter is confidential. 
    Thoma Bravo, Instructure and JPMorgan did not immediately
respond to requests for comment. 

 (Reporting by Milana Vinn in New York
Editing by Greg Roumeliotis)
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