Bain Capital to take PowerSchool private in $5.6 bln deal (updated)

PowerSchool Holdings

07/06/2024 13:12

(Adds details)
       June 7 (Reuters) - Education technology company
PowerSchool Holdings  PWSC.N  said on Friday it would be
acquired by Bain Capital in a deal valuing the firm at $5.6
billion.
    Under the terms, PowerSchool stockholders will receive
$22.80 per share in cash and existing shareholders — Vista
Equity Partners and Onex Partners — will continue to have
minority investments in the company after the deal closes.
    Reuters had reported deal talks between Bain and PowerSchool
on May 8. 
    
    

 (Reporting by Yuvraj Malik in Bengaluru; Editing by Shilpi
Majumdar)
 ((yuvraj.malik@tr.com; @elnovw on X;))