Deals
KKR Agrees to Buy Software Firm Instructure in $4.8 Billion Deal
- Deal will see Thoma Bravo exit its Instructure holding
- Dragoneer Investment Group participates in deal alongside KKR
Instructure provides software to help schools and teachers with planning learning schedules and monitoring student performance.
Photographer: Charly Triballeau/AFP/Getty ImagesThis article is for subscribers only.
KKR & Co. has agreed to acquire educational software provider Instructure Holdings Inc.
The buyout firm will pay $23.60 a share in cash for Salt Lake City-based Instructure, according to a statement on Thursday. That represents a roughly 4% premium to the company’s last closing price and values Instructure at about $4.8 billion including debt.