secwatch.observer — SEC 8-K summary
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Issuer:     POWERSCHOOL HOLDINGS, INC. (—)
CIK:        0001835681
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001193125-24-230179
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 3.03, 5.01, 5.02, 5.03, 2.03, 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PowerSchool acquired by Bain Capital for $22.80/share, $5.6B enterprise value
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- Acquisition closed at $22.80/share in cash; total enterprise value ~$5.6B.
- Aggregate purchase price for outstanding shares (excl. rollover/owned) ~$3.01B; rollover equity ~$1.68B.
- Bain Capital funded transaction with ~$1.75B equity and $2.375B term loan from Ares/HPS/others.
- PowerSchool's common stock delisted from NYSE; company will operate as private standalone entity.
- Board of directors resigned; replaced by Bain Capital designees; CEO Hardeep Gulati remains.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835681/000119312524230179/0001193125-24-230179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835681/000119312524230179/d94063d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-230179

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer