Bain Capital Explores $6 Billion Deal for PowerSchool
Summary
Private equity firm Bain Capital is reportedly in discussions to purchase education-software provider PowerSchool. The proposed $6 billion deal — still weeks away from being finalized — was reported Wednesday (May 7) by Reuters, citing a source familiar with the matter. Meanwhile, last week saw a report that private equity companies have begun stepping up efforts to compete with banks on low-interest loans. Apollo Co-president Jim Zelter said economic activity in the U.S., driven by increased public and private spending on infrastructure projects, was leading to greater demand for loans. “It’s not obvious that they should do it through the traditional channels of investment grade public debt or equity.” A report by the Financial Times last week said the largest buyout firms on the planet have made low-risk lending an essential part of their growth plans.
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