InsideArbitrage Potential Deal Alert: Thoma Bravo explores sale of Instructure (INST)

POTENTIAL DEAL DETAILS

According to Reuters, Private equity firm Thoma Bravo is exploring a sale of Instructure (INST), a U.S. education software provider with a market value of $3 billion.

Thoma Bravo, which holds an 83% stake in the company, has tapped JPMorgan Chase (JPM), to gauge the interest of potential buyers that include other buyout firms.

Instructure Investor Relations

Update(s):

July 4, 2024: Reuters reported that private equity firms KKR (KKR) and Francisco Partners are competing to acquire Instructure (INST).

July 19, 2024: According to Bloomberg, KKR & Co. (KKR) has emerged as the front-runner to acquire Instructure Holdings (INST), in a deal that could value the education software provider at about $4.7 billion including debt. The private equity firm, which has been vying with Francisco Partners for control of Instructure, is discussing an offer of about $24 per share.

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