Update: Market Chatter: PowerSchool Draws Takeover Interest From Warburg Pincus-March 2024-www.financetom.com

Update: Market Chatter: PowerSchool Draws Takeover Interest From Warburg Pincus

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Update: Market Chatter: PowerSchool Draws Takeover Interest From Warburg Pincus

May 20, 2024 1:33 PM

04:05 PM EDT, 05/20/2024 (MT Newswires) -- (Updates with PowerSchool ( PWSC ) declines to comment in last paragraph.)

PowerSchool Holdings ( PWSC ) has attracted takeover interest from private equity firms such as Warburg Pincus, Bloomberg reported Monday, citing people familiar with the matter.

The education software provider formed a special board committee to weigh its options, the people said, according to the report.

PowerSchool ( PWSC ) is still in talks with Bain Capital for a potential deal, Bloomberg said.

PowerSchool ( PWSC ), Warburg and Bain declined to comment to MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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