Private equity firm Thoma Bravo initiated steps to potentially sell Instructure, an education software provider valued at $3 billion.
NEW YORK (Reuters) -Private equity firm Thoma Bravo is exploring a sale of Instructure, a U.S. education software provider with a market value of $3 billion, people familiar with the matter said on Friday. Thoma Bravo, which holds an 83% stake in the company, has tapped JPMorgan Chase to gauge the interest of potential buyers that include other buyout firms, the sources said. Thoma Bravo, Instructure and JPMorgan did not immediately respond to requests for comment.
Instructure (INST) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.