PowerSchool Holdings, Inc. (PWSC) entered into a definitive agreement to be acquired by — one of the world’s leading private multi-asset alternative investment firms — Bain Capital. The transaction, valued at $5.6 billion, is expected to close in the second half of 2024, subject to customary closing conditions, including regulatory approvals.Per the deal, PowerSchool stockholders will receive $22.80 per share in cash when the transaction is completed. This price represents a 37% premium over PWSC’s share pr ...