Instructure: Instructure Holdings Acquired by Dragoneer and KKR for $4.8 Billion
Deal News | Nov 26, 2024 | Ropes & Gray
In a significant M&A transaction, Dragoneer Investment Group collaborated with KKR to acquire Instructure Holdings, Inc., a prominent entity in the learning ecosystem sector. Legal guidance for Dragoneer was provided by Ropes & Gray, which played a pivotal role throughout the acquisition process. The deal, valued at $23.60 per share, totals approximately $4.8 billion. KKR, a notable player in the global investment scene, supports this acquisition with its robust capabilities in alternative asset management. Dragoneer, managing over $23 billion, continues to pursue high-quality investments across various market sectors, displaying its growth-oriented strategy. Ropes & Gray's team encompassed a diverse group of legal experts, including specialists in mergers & acquisitions, asset management, and litigation.
Sectors
- Private Equity
- Education Technology
Geography
- United States – Instructure Holdings is based in the U.S., and both Dragoneer Investment Group and KKR have significant operations in the country.
Industry
- Private Equity – This transaction involves Dragoneer Investment Group and KKR, both significant players in the private equity space, focusing on acquiring and managing high-value investments.
- Education Technology – Instructure Holdings operates within the learning ecosystem sector, which is part of the broader EdTech industry, indicating the relevance of technology in education.
Financials
- $4.8 billion – The total valuation of the acquisition of Instructure Holdings at $23.60 per share.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Instructure Holdings, Inc. | Target Company | Company | A leading company in the education technology sector providing learning ecosystem solutions. |
| Dragoneer Investment Group | Bidding Company | Company | A growth-oriented investment firm with a focus on high-quality businesses in public and private markets. |
| KKR | Bidding Company | Company | A global investment firm known for alternative asset management and capital markets solutions. |
| Ropes & Gray | Legal Advisor | Company | A law firm providing legal advisory services across various practices, including mergers and acquisitions. |
| Thomas Holden | Mergers & Acquisitions Partner | Person | An M&A partner at Ropes & Gray involved in the Instructure acquisition. |
| Eric Issadore | Private Equity Partner | Person | A PE partner at Ropes & Gray who played a role in advising on the acquisition. |
| Sarah Davidoff | Asset Management Partner | Person | An asset management partner at Ropes & Gray contributing to the transaction. |
| Catherine Skulan | Asset Management Partner | Person | An asset management partner at Ropes & Gray involved in the acquisition process. |
| Ama Adams | Litigation & Enforcement Partner | Person | A partner at Ropes & Gray specializing in litigation and enforcement related aspects of the deal. |
| Ruchit Patel | Litigation & Enforcement Partner | Person | Another litigation and enforcement partner at Ropes & Gray contributing to the transaction. |
| Lisa Kaltenbrunner | Litigation & Enforcement Partner | Person | A partner specializing in litigation and enforcement aspects at Ropes & Gray. |