KKR Bets Big On Education With Instructure Purchase For $4.8B
KKR Bets Big On Education With Instructure Purchase For $4.8B
KKR & Co. Inc. (NYSE:KKR) managed investment funds inked a deal to acquire Instructure Holdings, Inc. (NYSE:INST) for $23.60 per share in a $4.8 billion all-cash deal.
KKR & Co. Inc. (紐交所: KKR) 管理的所有基金類型簽署了一項協議,以48億美元全現金收購Instructure Holdings, Inc. (紐交所: INST),每股價格爲23.60美元。
The purchase price of $23.60 per share is a 16% premium over Instructure's unaffected share price of $20.27 on May 17, 2024, the last trading day before news of the potential transaction, per a statement released yesterday.
每股23.60美元的購買價格甚至比2024年5月17日Instructure的未受影響股價20.27美元高16%,當時是潛在交易的前一交易日。
Instructure provides learning management and education-tech solutions that supports 200 million learners in over 100 countries. With over 1,000 partners, it aims to reach $1 billion in revenue by 2028.
Instructure是一家提供學習管理和教育科技解決方案的公司,在100個國家支持2000萬學習者。伴隨着1000多家合作伙伴,它旨在在2028年達到10億美元的營業收入。
Webster Chua, Partner at KKR, said, "Instructure has evolved into an expansive platform focused on delivering strong student outcomes under Thoma Bravo's stewardship. We look forward to working with Steve and the Instructure management team to accelerate growth and continue scaling its global portfolio of products."
KKR合夥人Webster Chua表示: “在Thoma Bravo的支持下,Instructure已經發展成爲一個涵蓋範圍廣泛的平台,專注於提供強大的學生成果。我們期待與Steve和Instructure管理團隊合作,加速增長並繼續擴展其全球產品組合。”
KKR, with participation from Dragoneer Investment Group, will acquire all outstanding shares, including those shares owned by Instructure's existing majority owner, Thoma Bravo, which took the company public in 2021.
KKR將與Dragoneer Investment Group合作,收購所有未流通股份,包括現在控制公司的大股東Thoma Bravo持有的股份,Thoma Bravo在2021年使該公司上市。
Brian Jaffee, a Partner at Thoma Bravo, said, "Since our initial investment four and a half years ago, it's been an incredible journey supporting such an important company in the global education technology market. Instructure has evolved into a true platform technology provider and we look forward to watching the KKR team build on the company's impressive foundation in the years to come."
Thoma Bravo合夥人Brian Jaffee表示: “自從四年半前我們的初始投資以來,在全球教育技術市場中支持這樣一家重要公司的旅程是一個不可思議的旅程。Instructure已經發展成爲一個真正的平台技術提供商,我們期待看到KKR團隊在未來幾年中建立在公司的卓越基礎之上。”
The Instructure Board of Directors has unanimously approved the transaction, which is expected to close later this year, pending customary conditions and regulatory approvals.
Instructure董事會已經一致同意了這項交易,預計將於今年晚些時候在符合慣例的條件和監管批准下完成。
The deal also requires written consent from stockholders holding a majority of Instructure's voting securities; no further stockholder action will be needed once this consent is delivered.
該交易還需要持有Instructure的表決權證券多數的股東書面同意;一旦獲得書面同意,就不需要進一步的股東行動。
After the transaction, Instructure's common stock will be delisted from the New York Stock Exchange, and the company will become privately held while remaining headquartered in Salt Lake City.
交易後,Instructure的普通股將從紐約證券交易所除牌,同時公司將仍然總部設在鹽湖城併成爲私有公司。
As of the first quarter, KKR's cash and Investments totaled $14.6 billion.
截至第一季度,KKR的現金和投資總額爲146億美元。
Yesterday, the company disclosed that its investment funds acquired Marmic Fire & Safety, a top provider of fire equipment inspection, testing, and maintenance services, from HGGC for an undisclosed amount.
昨日,該公司披露,其投資基金從HGGC以不公開的金額收購了Marmic Fire & Safety,Marmic Fire & Safety是一家提供消防設備檢查、測試和維護服務的頂級供應商。
Also Read: T-Mobile Dials Up A Major Broadband Expansion: Teams With KKR To Acquire Metronet
也閱讀:t-Mobile擴大重大寬帶擴張:與KKR合作收購Metronet
KKR stock has gained around 92% in the last 12 months. Investors can gain exposure to the stock via FM Focus Equity ETF (NYSE:FMCX) and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO).
在過去12個月中,KKR的股價上漲了約92%。投資者可以通過Fm Focus Equity ETF (紐交所:FMCX) 和EA系列信託WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO)來獲得該股的曝光度。
KKR will release its second-quarter 2024 financial results on July 31, 2024.
KKR將於2024年7月31日公佈其第二季度財務業績。
Price Action: KKR shares closed higher by 0.85% at $116.71 on Thursday.
股票漲0.85%,收於116.71美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明:本內容部分使用人工智能工具生成,並經Benzinga編輯審核發佈。
Image: Shutterstock/ MD Duran
圖片:Shutterstock/MD Duran
譯文內容由第三人軟體翻譯。