Bain Capital to take PowerSchool private in $5.6 bln deal
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Bain Capital to take PowerSchool private in $5.6 bln deal
(Reuters) - Education technology company PowerSchool Holdings opens new tab said on Friday it would be acquired by Bain Capital in a deal valuing the firm at $5.6 billion.
Under the terms, PowerSchool stockholders will receive $22.80 per share in cash and existing shareholders - Vista Equity Partners and Onex Partners - will continue to have minority investments in the company after the deal closes.
