PowerSchool to be Acquired by Bain Capital in US$5.6 Billion Transaction

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PowerSchool Holdings, Inc. announced that it has entered into a definitive agreement to be acquired by Bain Capital in a transaction valuing the Company at US$5.6 billion.

According to the agreement, PowerSchool stockholders will receive US$22.80 per share in cash once the proposed transaction is completed. PowerSchool, a global education technology company, supports over 55 million students and more than 17,000 customers across 90+ countries. The company combines top-notch K-12 educational and operational technology to support all stages of the learning journey. PowerSchool will continue as a standalone company, with its business operations and customer service remaining uninterrupted. Vista Equity Partners and Onex Partners will retain minority investments in PowerSchool.

Goldman Sachs & Co. LLC is the exclusive financial advisor, and Kirkland & Ellis LLP is the legal advisor for PowerSchool. Centerview Partners LLC is the exclusive financial advisor, and Freshfields Bruckhaus Deringer LLP is the legal advisor to the Special Committee of the PowerSchool Board of Directors. Ropes & Gray LLP is the legal advisor for Bain Capital. Debt financing for the transaction will be provided by Ares Capital Management, HPS Investment Partners, Blackstone Alternative Credit Advisors, Blue Owl Credit Advisors, Sixth Street Partners, and Golub Capital.

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