Instructure Holdings Inc., a Salt Lake City-based provider of solutions such as product training, learning management and instructional design for the education sector, has announced that it has agreed to be acquired by investment funds managed by KKR, a global investment firm. New York City-based KKR has agreed to pay $23.60 per share in an all-cash transaction with an enterprise value of approximately $4.8 billion. The per-share purchase price represents a premium of 16 percent over Instructure’s share price of $20.27 as of May 17, the last trading day prior to media reports regarding a potential transaction.
KKR, with participation from Dragoneer Investment Group of San Francisco, will acquire all Please log in to see the rest of this story.
