Reported 12 months ago
Private equity firms KKR and Francisco Partners are in a competition to acquire Instructure, a U.S. education software provider with a market value of $3.4 billion. Both firms are in the final round of bidding and preparing to submit binding offers next week. There is uncertainty if Thoma Bravo, holding an 83% stake in Instructure, will agree to sell it. Instructure, KKR, Francisco Partners, and Thoma Bravo declined to comment. Instructure offers software to educational institutions globally and its leading product is the Canvas learning management system.
Source: YAHOO