85 Private equity firm Bain Capital is currently engaged in negotiations to acquire education software provider PowerSchool, according to a source familiar with the matter on Wednesday. While the deal has yet to be finalized and is expected to take a few more weeks, discussions suggest that PowerSchool could be valued in the range of the $20s per share. This valuation could potentially place PowerSchool at approximately $6 billion, inclusive of debt, based on calculations by Reuters. Following reports of the talks with Bain, PowerSchool’s shares experienced a significant surge, climbing up to 27% during early trading on Wednesday morning. With a current market capitalization of approximately $4.1 billion, the potential deal highlights a renewed interest in private equity-led buyouts, which have shown signs of revival after a slowdown in the previous year due to higher interest rates impacting debt financing for leveraged buyouts. Headquartered in Folsom, California, PowerSchool offers cloud-based software solutions tailored for K-12 education across North America. The company has roots tracing back to 1983 when Greg Porter, as a teenager, initially developed record-keeping software for his high school. This grassroots initiative eventually evolved into PowerSchool, with its solutions now widely utilized in educational institutions across the continent. You Might Be Interested In Twitter’s Valuation Woes Continue: Musk’s $44 Billion Purchase Faces 56% Cut in a Year Unveiling ON Semiconductor’s Market Perspective: A Deep Dive into Analyst Ratings Unilever Appoints Heiko Schipper as President, Nutrition Mozambique Seeks to Terminate 50-Year Hydropower Pact with South Africa US Banks Pass Fed Stress Test Despite Steeper Losses Oman’s oil exports drop on reduced shipments to India
