Kirkland & Ellis LLP represented Vista Equity Partners on its decision to sell a stake in PowerSchool Group LLC to Onex Corp. (TSX:ONEX). Vista will also invest new capital in the business. PowerSchool is the leading education technology platform for K-12 schools. Concurrent with the Onex/Vista transaction, PowerSchool will acquire PeopleAdmin, an industry-leading provider of cloud-based talent management solutions for the education sector, creating K-12 education’s most comprehensive and integrated suite of products. The transactions are expected to close in the second half of 2018 subject to customary conditions and regulatory approvals. The full release is here.
The Kirkland team was led by corporate partners Stuart Casillas, Vlad Kroll, Leah Recht, and James Beach and associates Emily Hill, Austin Pollet and Ari Levi; debt finance partners Sonali Jindal and Douglas Tedeschi; and tax partner David Kung and associate Heidi Yuen.