From Investing.com: 2024-05-18 04:28:45

Private equity firm Thoma Bravo is looking to sell Instructure, an education software provider valued at $3 billion. Thoma Bravo, with an 83% stake in Instructure, has enlisted JPMorgan Chase to find potential buyers, potentially including other private equity firms. This news caused Instructure’s shares to rise 4.5% in afterhours trading. Instructure is a key player in educational technology, serving over 8,000 clients in 100+ countries. Thoma Bravo took Instructure private in a $2 billion deal in 2020 before relisting it through an IPO. Despite strong IPO demand, Instructure’s stock has stagnated around its $20 price due to increased sector competition post-pandemic. Earlier this year, Instructure bolstered its services by acquiring academic credential management firm Parchment for $835 million.



Read more at Investing.com: Thoma Bravo exploring a sale of its stake in edtech firm Instructure By Investing.com