M&A Deal Summary

Bain Capital Private Equity Acquires PowerSchool

On June 7, 2024, private equity firm Bain Capital Private Equity acquired education company PowerSchool for 5.6B USD

Acquisition Highlights
  • This is Bain Capital Private Equity’s 5th transaction in the Education sector.
  • This is Bain Capital Private Equity’s 10th largest (disclosed) transaction.
  • This is Bain Capital Private Equity’s 122nd transaction in the United States.
  • This is Bain Capital Private Equity’s 20th transaction in California.

M&A Deal Summary
Date 2024-06-07
Target PowerSchool
Sector Education
Buyer(s) Bain Capital Private Equity
Deal Type Going Private
Deal Value 5.6B USD
Advisor(s) Goldman Sachs (Financial)
Kirkland & Ellis (Legal)

Target

PowerSchool

Folsom, California, United States
PowerSchool is a provider of cloud-based software for K-12 education in North America. Its mission is to power the education ecosystem with unified technology that helps educators and students realize their full potential, in their way. PowerSchool connects students, teachers, administrators, and parents, with the shared goal of improving student outcomes. From the office to the classroom to the home, it helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments, and analytics in one unified platform. PowerSchool is based in Folsom, California.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 229 of 233
Sector (Education) 5 of 5
Type (Going Private) 21 of 22
State (California) 20 of 21
Country (United States) 122 of 124
Year (2024) 4 of 8
Size (of disclosed) 10 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-09 Sikich

Chicago, Illinois, United States

Sikich is a global company specializing in technology-enabled professional services. The company draws on a diverse portfolio of technology solutions to deliver transformative digital strategies. Sikich was forme din 1982 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-08 Archwest Capital

Irvine, California, United States

Archwest Capital is a direct lender focused on providing business purpose financing secured by residential, multifamily, mixed-use and commercial properties. Archwest Capital is based in Irvine, California.

Buy -
Mergr

Product

Company

Legal