According to a report from The Wall Street Journal on Wednesday, Bain Capital is in discussions to take PowerSchool Holdings, Inc. (PWSC) private.
The publication, citing sources, states that a deal for the education software provider could come together in the next few weeks, although talks could still break down.
According to the WSJ, the deal will likely value PowerSchool at around $20 per share. The total value would be around $6 billion, including nearly $1 billion in debt.
Powerschool's stock price closed Tuesday's session at $16.64. At the open on Wednesday, they jumped to $20.82 per share.
PowerSchool reported its latest quarterly earnings after the close on Tuesday. Its first-quarter EPS of $0.17 was $0.04, worse than the analyst estimate of $0.21. Revenue for the quarter was $185 million, above the consensus estimate of $184.8 million.
The company sees second-quarter revenue between $192 million and $197 million, versus the consensus of $197 million.