Thoma Bravo $2 billion acquisition of Instructure

Overview:

• Private equity firm Thoma Bravo has entered into an agreement to acquire Salt Lake City based education technology company Instructure for $2 billion.
• Instructure shareholders will receive $47.60 per share as part of the deal, an 18% premium from Instructure’s three-month volume weighted average price as of October 27, 2019.
• Instructure’s current management team will continue to head the company once the deal closes in Q1 2020.
• JP Morgan Securities served as the financial adviser to Instructure.

Chynna Lewis – Researcher