Kirkland Advises PowerSchool on $5.6 Billion Sale to Bain
Kirkland & Ellis is advising cloud-based education software provider PowerSchool Holdings, Inc. (NYSE: PWSC) on its $5.6 billion sale to Bain Capital Private Equity. The transaction was announced June 7, 2024. Under the terms of the agreement, PowerSchool stockholders will receive $22.80 per share in cash upon completion of the proposed transaction, representing a premium of 37% over the PowerSchool’s unaffected share price of $16.64 as of May 7, 2024, the last trading day prior to media reports regarding a potential transaction involving PowerSchool. The transaction is expected to close in the second half of 2024 subject to customary closing conditions.
Read the transaction press release
The Kirkland team was led by corporate partners David Klein, Andrew Norwich and Daniel Wolf, with assistance from corporate partners Ari Levi and Stuart Casillas and associates Siqi Li, Madisson Goorman, Josh Sullivan, Richard Garzola; executive compensation partners Rohit Nafday and Anthony Ji; tax partners Heidi Yuen and David Kung; antitrust & compensation partners Marin Boney and Jack Coles; debt finance partners Sonali Jindal and Douglas Tedeschi; government contracts partner Boyd Greene; and capital markets partner Robert Goedert.
