PowerSchool drawing interest from Warburg Pincus, Bloomberg says

PowerSchool has drawn takeover interest from private equity firms including Warburg Pincus, people familiar with the matter told Bloomberg’s Ryan Gould. The education software provider is engaging with buyout firms and has formed a special committee of its board, which is working with an investment bank, the sources added. The company is also in talks about a buyout with Bain Capital, as first reported by The Wall Street Journal earlier this month. Talks are continuing and no final decision about whether to proceed with a transaction has been made, though if talks are successful, a deal could be announced within a few weeks, according to Bloomberg’s sources.