M&A Deal Summary

KKR Acquires Instructure

On July 25, 2024, private equity firm KKR acquired internet software and services company Instructure for 4.8B USD

Acquisition Highlights
  • This is KKR’s 37th transaction in the Internet Software and Services sector.
  • This is KKR’s 23rd largest (disclosed) transaction.
  • This is KKR’s 207th transaction in the United States.
  • This is KKR’s 4th transaction in Utah.

M&A Deal Summary

Date 2024-07-25
Target Instructure
Sector Internet Software and Services
Buyer(s) KKR
Deal Type Going Private
Deal Value 4.8B USD
Advisor(s) J.P. Morgan Securities (Financial)
Kirkland & Ellis (Legal)

Target

Instructure

Salt Lake City, Utah, United States
Instructure is a software-as-a-service (SaaS) technology company that makes software that makes people smarter. Instructure was founded in 2008 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 482 of 502
Sector: Internet Software and Services M&A 37 of 39
Type: Going Private M&A Deals 38 of 41
State: Utah M&A 4 of 4
Country: United States M&A 207 of 213
Year: 2024 M&A 15 of 21
Size (of disclosed) 23 of 110
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-24 Proserv

Aberdeen, United Kingdom

Proserv is a controls technology company incorporating two divisions, Proserv Controls, which encompasses our innovative subsea controls solutions, alongside our topside, IWOCS, sampling, and measurement offerings to the oil & gas and renewables markets, and Gilmore, a Proserv Company, known for its globally renowned control valves. Proserv is based in Aberdeen, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-26 Asian Institute of Medical Sciences

Faridabad, India

Asian Institute of Medical Sciences is a 425 bedded Super specialty tertiary care hospital, truly futuristic in its services & technology and brings together some of the most talented medical professionals. AIMS provides preventive, diagnostic, therapeutic, rehabilitative, palliative and support services under one roof and is designed to meet patient care and research requirements of the new millennium. Asian Institute of Medical Sciences was founded in 2010 and is based in Faridabad, Haryana.

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