Bain Capital in talks to buy education-software provider PowerSchool, source says

Signage for PowerSchool (NYSE:PWSC) is seen ahead of their Initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 28, 2021. REUTERS/Andrew Kelly/File photo

(Reuters) - Buyout firm Bain Capital is in talks to take education-software provider PowerSchool private, a person familiar with the matter said on Wednesday.

The deal, which is still a few weeks away from getting signed, is likely to value PowerSchool somewhere in the $20s per share, according to the source, who requested anonymity as the discussions are confidential.