Bain Capital, LP is in talks to take education-software provider PowerSchool Holdings, Inc. (NYSE:PWSC) private, a person familiar with the matter said on May 8, 2024. The deal, which is still a few weeks away from getting signed, is likely to value PowerSchool somewhere in the $20s per share, according to the source, who requested anonymity as the discussions are confidential. At that price, a deal would value PowerSchool at roughly $6 billion, including debt, based on Reuters calculations.

Shares of PowerSchool, which has a market capitalization of about $4.1 billion, jumped as much as 27% in early trading on May 8, 2024 morning after the Wall Street Journal reported on the company's talks with Bain. A deal for PowerSchool would come at a time when private equity-led buyouts are showing signs of a pickup, following a slowdown last year due to high interest rates that made debt financing for leveraged buyouts more expensive.