The transaction is sourced from an 8-K filing with the SEC, filed via SEC EDGAR and published on July 25, 2024. The deal's current status is pending regulatory approval.
On the financial advisory side, J.P. Morgan Securities LLC acted as lead financial advisor to Instructure, the target, with Macquarie Capital also serving as a (non-lead) financial advisor to Instructure in the same engagement. On the acquirer side, three firms acted as financial advisors to KKR: Morgan Stanley & Co. LLC, Moelis & Company LLC, and UBS Investment Bank, none of which is given a specific lead designation among the three in the facts block.
On the legal side, Kirkland & Ellis LLP served as legal advisor to Instructure, the target, while Simpson Thacher & Bartlett LLP served as legal advisor to KKR, the acquirer.
Beyond the take-private, sponsor-to-sponsor structure with a disclosed deal value of $4,800,000,000, no further detail on financing sources, equity contribution, or other structural terms is provided in the facts block.
Several items are not disclosed in the available record. No lead designation is specified among KKR's three financial advisors (Morgan Stanley, Moelis, UBS Investment Bank), and no expected closing date or further timeline detail beyond the July 2024 filing date and pending-regulatory status is given.