PowerSchool, the private equity-owned school management information system giant, has reportedly filed for a US initial public offering.

According to Bloomberg, which cited anonymous sources, Vista Equity Partners and Onex Corp have privately filed plans to float PowerSchool as soon as this year.

A listing could value the education software behemoth at more than $6 billion, including debt, the report said, noting that Goldman Sachs will lead the share sale.

Vista Equity acquired PowerSchool for $350 million in 2015 from Pearson, while Onex Corp took a stake in 2018, when it was valued at $3 billion.

PowerSchool, according to its website, provides applications that power classrooms serving 45 million students in more than 80 countries.

In 2018, Vista Equity merged PowerSchool with PeopleAdmin, another portfolio company, and Onex Corp acquired a slice of the joined-up entity, in which it is equal partners with Vista.

The following year, PowerSchool acquired online learning start-up Schoology, after acquiring a division of Sungard in 2017.

The closest comparable company to PowerSchool in the UK is Capita Education Software Solutions, which in December was acquired by Montagu Private Equity, which merged the business with ParentPay.

Date published: 11 February 2021

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