Instructure Sold to KKR and Dragoneer for $4.8 Billion
Deal News | Nov 13, 2024 | Thoma Bravo
Thoma Bravo, a prominent investment firm specializing in software, has finalized the sale of its majority ownership in Instructure Holdings, Inc., a leading provider of learning management systems, to investment funds managed by KKR and Dragoneer Investment Group. The transaction, valued at approximately $4.8 billion, resulted in Instructure's transition from a publicly traded entity to a private company. This deal marks the culmination of Thoma Bravo's transformative strategy since acquiring Instructure in 2020, which included taking the company private, subsequent public listing in 2021, and driving growth through strategic acquisitions and operational enhancements. Over its ownership period, Thoma Bravo has positioned Instructure as a comprehensive educational platform. Instructure ceased trading on the NYSE and will now embark on its next growth phase under new ownership.
Sectors
- Software and Technology
- Private Equity
- Education Technology
Geography
- United States – Thoma Bravo is based in the US, and Instructure operates globally with significant presence and activities in the US.
- Global – Instructure serves a global customer base, providing educational solutions worldwide, highlighting its global impact and reach.
Industry
- Software and Technology – Thoma Bravo is a major investor in the software and technology industry, and Instructure is a leading provider of technology-driven learning solutions.
- Private Equity – The article involves Thoma Bravo and details a transaction typical of private equity firms, such as acquisitions and strategic exits.
- Education Technology – Instructure specializes in educational technology solutions, providing tools that enhance learning outcomes for students and educators.
Financials
- $4.8 billion – The transaction value for the acquisition of Instructure by KKR and Dragoneer.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thoma Bravo | Seller | Company | A leading private equity firm focused on investments in software and technology companies. |
| Instructure Holdings, Inc. | Target Company | Company | A global provider of learning management, education-tech effectiveness, and credentialing solutions. |
| KKR | Buyer | Company | A global investment firm managing investment funds that acquired Instructure from Thoma Bravo. |
| Dragoneer Investment Group | Buyer | Company | A growth-oriented investor that alongside KKR acquired Instructure from Thoma Bravo. |