Latham & Watkins Advises on Instructure’s US$4.8 Billion Acquisition by KKR

Instructure Holdings, Inc. (NYSE: INST), a leading learning ecosystem, announced that it has entered into a definitive agreement to be acquired by investment funds managed by KKR, a leading global investment firm, for US$23.60 per share in an all-cash transaction valued at an enterprise value of approximately US$4.8 billion. KKR, with participation from Dragoneer Investment Group, will acquire all outstanding shares, including those shares owned by Instructure's existing majority owner, Thoma Bravo, a leading software investment firm, which took the company public in 2021.

Latham & Watkins LLP represented J.P. Morgan Securities LLC, lead financial advisor to Instructure in the transaction, with a corporate deal team led by New York/Orange County partner Charles Ruck and New York partner Robert Katz, with associates Brian Umanoff and Allison (AJ) Blair.