KKR: towards acquisition of Instructure Holdings

(CercleFinance.com) - KKR announces that it has signed an agreement to acquire Instructure Holdings, an e-learning platform, at a price of $23.
60 per share, valuing the company at around $4.8 billion.

This price represents a 16% premium to the share price prior to initial reports on the transaction.

KKR, alongside Dragoneer Investment Group, will purchase all outstanding shares, including those held by Thoma Bravo, the current majority shareholder.

KKR expects that Steve Daly, Instructure's CEO, and his team will continue to lead the company, with KKR's support to strengthen innovation on their key products.


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