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Bain Capital to Buy PowerSchool in $5.6 Billion Deal
ByAinvest
Monday, Jun 10, 2024 6:19 pm ET1min read
Bain Capital to Buy PowerSchool in $5.6 Billion Deal
The educational technology landscape is witnessing a significant shift, with Bain Capital's recent acquisition of PowerSchool for $5.6 billion. This deal underscores Bain Capital's confidence in PowerSchool's potential to drive growth and innovation in K-12 education technology, both in North America and globally.
PowerSchool, a leading provider of cloud-based K-12 education software, boasts an impressive roster of 55 million students and 17,000 customers across 90 countries. The company's comprehensive platform supports every aspect of the learning journey, from streamlining administrative tasks to delivering personalized, AI-driven educational experiences.
The acquisition comes after PowerSchool's stockholders approved a cash-per-share offer of $22.80, which represents a 37% premium over the unaffected share price as of May 7, 2024. PowerSchool will remain a standalone company, ensuring business continuity and uninterrupted customer service.
Bain Capital, a global private investment firm, has a strong track record of supporting growth-oriented businesses. The company is particularly impressed with PowerSchool's innovative software solutions, which have garnered widespread recognition from educators, administrators, students, and parents alike.
This acquisition signifies an opportunity to expand access to PowerSchool's top-tier product suite and strengthen the company's commitment to helping educators and students achieve their full potential. With the support of Bain Capital, PowerSchool is poised to accelerate its growth trajectory and capitalize on the increasing demand for K-12 educational technology worldwide.
David Humphrey, a Partner at Bain Capital, shares his enthusiasm for PowerSchool's growth prospects, stating, "We believe there are significant opportunities to expand access to PowerSchool's best-in-class product suite around the world."
[1] PowerSchool to be Acquired by Bain Capital in $5.6 Billion Transaction. BusinessWire. Retrieved from https://investors.powerschool.com/news/news-details/2024/PowerSchool-to-be-Acquired-by-Bain-Capital-in-5.6-Billion-Transaction/default.aspx.
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