En Reuters :
Blackboard Inc, a U.S. software company that provides learning tools for high school and university classrooms, is exploring a sale that it hopes could value it at as much as $3 billion, including debt, according to people familiar with the matter.
Blackboard's majority owner, private equity firm Providence Equity Partners LLC, has hired Deutsche Bank AG (DBKGn.DE) and Bank of America Corp (BAC.N) to run an auction for the company, the people said this week.
Blackboard has annual earnings before interest, tax, depreciation and amortization of around $200 million, some of the people added.
Two of the people said that Blackboard could fetch a valuation between 14 times to 17 times EBITDA, up to $3.4 billion, based on current multiples of subscription-based software companies. (...)
In Education Dive :
- According to a report from Reuters, Blackboard majority owner Providence Equity Partners LLC is considering selling the ed tech company for up to $3 billion, including debt.
- The private equity firm has hired Deutsche Bank AG and Bank of America Corp to oversee the sale, according to Reuters' sources.