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. 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. 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. 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 ...