General Atlantic, a global growth equity firm, and Dragoneer Investment, a public and private investor, completed the acquisition of Arco Platform, a developer of educational software, for $1.5bn. The per share merger consideration represents a 55% premium over the closing price of $9.04 per Share on November 30, 2022, the last trading day before the company disclosed receipt of the bidders' proposal to acquire all of the public shares.