PowerSchool Holdings, a leading cloud-based software provider for K-12 education, has agreed to be acquired by Bain Capital in a transaction valuing the company at $5.6 billion. PowerSchool shareholders will receive $22.80 per share, a 37% premium over the unaffected share price. PowerSchool, supporting over 55 million students globally, will remain a standalone company, with its operations continuing uninterrupted. Vista Equity Partners and Onex Partners will retain minority stakes. The transaction, approved by PowerSchool’s Board and majority stockholders, is expected to close in the second half of 2024, pending regulatory approvals.

Educational Technology, Private Equity, Software as a Service (SaaS),United States, Global