Thoma Bravo is exploring a sale of Instructure (INST), Reuters’ Milana Vinn reports, citing people familiar with the matter. Thoma Bravo, which holds an 83% stake in the company, has tapped JPMorgan Chase (JPM) to gauge the interest of potential buyers that include other buyout firms, the sources said.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INST:
- Instructure sees FY24 revenue $656.5M-$666.5M, consensus $661.31M
- Instructure Reports First Quarter 2024 Financial Results
- Instructure sees Q2 revenue $166.5M-$167.5M, consensus $163.88M
- Instructure reports Q1 non-GAAP EPS 22c, consensus 15c
- Instructure Holdings Announces New Chief Accounting Officer