Thoma Bravo completes the acquisition of Instructure

SAN FRANCISCO and SALT LAKE CITY, March 24, 2020 / PRNewswire / – Thoma Bravo, LLC, a leading private equity firm focused on the software and technology services industries, and Instructure today announced that they have completed a transaction in which Thoma Bravo has acquired Instructure in the part of an all-cash transaction that valued the company at an aggregate equity value of approximately $ 2 billion. With the completion of the acquisition, Instructure’s common shares ceased to operate and the company is no longer listed on the New York Stock Exchange.

By acquiring Instructure, Thoma Bravo is investing in one of the world’s leading providers of educational technology. Through its Canvas and Bridge platforms, Instructure helps educate over 30 million users by providing innovative learning management solutions that help meet the needs of educators, students, and businesses. Acquisition validates Instructure’s world-class products and customer base. Thoma Bravo plans to partner with Instructure’s existing leadership team to drive continued growth with a focus on innovation and client success fit for the modern learning environment.

“Thoma Bravo has followed Instructure’s fascinating history and has been impressed with the close relationships it has established with its clients who depend on the company’s world-class learning management solutions,” said Holden spaht, Managing Partner at Thoma Bravo. “Now more than ever, the technology platforms provided by Instructure are essential to support flexible and dynamic learning environments. We seek to leverage our deep roots in software to develop Instructure and develop its products by providing the financial and operational resources it needs for it. next chapter of growth. ”

“I think our shareholders are happy with the outcome, and I anticipate great things to come in this new chapter for Instructure,” said Josh coates, Executive Chairman of the Board of Directors of Instructure. “I have no doubts that the Thoma Bravo team will make Instructure a better company which will ultimately translate into more value for our customers and partners in education.”

Kirkland & Ellis was the legal advisor to Thoma Bravo. JP Morgan Securities served as exclusive financial advisor to Instructure, and Cooley LLP served as legal advisor.

About Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm specializing in the software and technology services industries. With a series of funds representing more than $ 35 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement best operating practices, invest in growth initiatives and make accretive acquisitions aimed at accelerating revenues and profits, with the aim of increasing the value of the company. The company has offices at San Francisco and Chicago.

About the infrastructure
Instructure helps people grow from the first day of school to the last day of work. Over 30 million people use the Canvas learning management platform for schools and the Bridge employee development platform for businesses. More information on

Thoma Bravo press contact
Megan Frank, 212-731-4778, [email protected]
Andrew Johnson, 914-497-5138, [email protected]

Instruct the media Contact
Cory edwards, 801-869-5258, [email protected]
Kekst CNC
Ross Lovern, 212-521-4800, [email protected]

SOURCE Thomas Bravo

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