Palo Alto – December 5, 2019 – Cooley advised publicly traded education technology company Instructure on its agreement to sell to private equity firm Thoma Bravo. The transaction, which values Instructure at approximately $2 billion, is expected to close in Q1 2020. Cooley lawyers Matt Hemington, Steve Tonsfeldt, David Silverman and Ian Nussbaum led the team advising the company.
"Instructure believes the opportunity to become a private company will provide additional flexibility and position us to invest more strategically to drive innovation for our customers," Instructure CEO Dan Goldsmith said in a statement. "We look forward to working closely with all parties to complete this transaction and enter into our next chapter of growth and industry leadership."
The Instructure management team will continue to lead the company in their current roles, while Thoma Bravo will support Instructure as it increases investment in education technology and expands internationally.
Salt Lake City-based Instructure helps people grow from the first day of school to the last day of work. More than 30 million people use its proprietary platforms for schools and businesses.
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