This is a news story, published by TechCrunch, that relates primarily to PowerSchool news.
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•84% Informative
There were 136 take-private deals led by private equity firms in 2023 , up 15% on the previous year .
So far in 2024 , there have been 97 such deals, meaning we’re roughly on course to match last year’s figure (give or take) Of the deals that have closed so far, 46 belong to the technology sector.
PowerSchool was originally acquired by Apple in 2001 for $62 million in an all-stock deal.
Vista Equity Partners sold PowerSchool to Pearson in 2015 , with Onex Partners joining as investor three years later .
KKR swooped in with a $4.8 billion bid in July , with plans to take Instructure private once more.
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