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New Deal


Announced

Completed

PowerSchool completed the acquisition of Hoonuit from Renovus Capital Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Domestic

United States

software solutions

Private Equity

Majority

Completed

Friendly

Software

Acquisition

Single Bidder

Synopsis

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PowerSchool, a provider of educational software, completed the acquisition of Hoonuit, a provider of software solutions, from Renovus Capital Partners, a Philadelphia-area private equity firm focused on investing in the education and technology services sectors. Financial terms were not dislcosed. "With the acquisition of Hoonuit PowerSchool can now offer a fully comprehensive education technology system for K-12 educators with advanced analytics woven throughout. The pandemic has accelerated digital transformation in schools, while also increasing challenges in equity, enrollment and learning outcomes, and we are dedicated to ensuring the tools educators are using to bridge enrollment and learning gaps today will also enhance student outcomes into the future," Hardeep Gulati, PowerSchool CEO.

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