Simpson, Kirkland Steer KKR’s $4.8 Billion Instructure Purchase

Simpson Thacher & Bartlett is guiding KKR & Co. in its purchase of educational software provider Instructure Holdings Inc., a $4.8 billion deal.

Kirkland & Ellis is advising Instructure on the deal, which is expected to close later this year, subject to regulatory and other closing approvals.

Instructure provides software to help schools with learning schedules and monitoring student performance. Private equity firm Thoma Bravo holds a bulk of the company’s stock, which KKR will acquire with participation from Dragoneer Investment group, Bloomberg reported.

The Simpson Thacher team is led by New York-based Partners Marni Lerner, who is co-head of ...