Fried Frank acted as counsel to Onex Partners in its acquisition of a stake in PowerSchool Group LLC from Vista Equity Partners. The acquisition will be made by Onex Partners IV. Concurrent with the Onex/Vista transaction, PowerSchool will acquire PeopleAdmin, an industry-leading provider of cloud-based talent management solutions for the education sector, creating K-12 education's most comprehensive and integrated suite of products. The transaction is expected to close in the second half of 2018. Onex Partners is a private equity fund that makes investments in the consumer and retail, financial services, healthcare, industrials, services and technology, and media and telecom industries. Vista Equity Partners is a US-based investment firm that invests in software, data, and technology-enabled organizations led by world-class management teams with long-term perspective. PowerSchool Group LLC is the leading education technology platform for K-12 schools.
The Fried Frank team included corporate partners Daniel J. Bursky, Christopher Ewan, Mark S. Hayek, and David L. Shaw, and tax partner Michael J. Alter.