By Milana Vinn
(Reuters) – Non-public fairness corporations KKR and Francisco Companions are competing to accumulate Instructure, a U.S. schooling software program supplier with a market worth of $3.4 billion, individuals aware of the matter mentioned on Wednesday.
The 2 buyout corporations are by way of to the ultimate spherical of bidding for Instructure and are making ready to submit binding affords subsequent week, the sources mentioned.
There isn’t any certainty that non-public fairness agency Thoma Bravo, which holds an 83% stake in Instructure, will comply with promote it, and different bidders might emerge, the sources added, requesting anonymity as a result of the matter is confidential.
Instructure, KKR, Francisco Companions and Thoma Bravo declined to remark.