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Will Bain Capital complete acquisition of PowerSchool by end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcement from Bain Capital or PowerSchool, financial news outlets
Story
Bain Capital to Acquire PowerSchool for $5.6 Billion at $22.80 per Share
Jun 7, 2024, 01:07 PM
Bain Capital has agreed to acquire PowerSchool Holdings, a provider of cloud-based software for K-12 education, in a deal valued at $5.6 billion. The acquisition will take PowerSchool private, with the purchase price set at $22.80 per share in cash. This deal represents a 37% premium over PowerSchool's previous share price and values the company at 7.2x 2024 sales. The transaction is supported by debt financing from a group of private credit lenders. Kirkland & Ellis and Ropes & Gray are the legal advisors for the acquisition.
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Expansion of product offerings • 33%
Entering new geographical markets • 33%
Increase in subscription prices • 33%
Significant layoffs • 33%
Major hiring spree • 33%
No significant changes • 33%
Revenue growth above 10% • 33%
Revenue growth between 5-10% • 33%
Revenue growth below 5% • 33%
Q3 2024 • 25%
Q4 2024 • 25%
Later than Q4 2024 • 25%
Not completed • 25%
Buyback program completed • 50%
Buyback program not completed • 50%