Thoma Bravo to sell education software maker Frontline for $3.7 bn

Roper Technologies will buy Frontline Education from private equity firm Thoma Bravo in a deal that valued the education software maker at about $3.7 billion.
Dollar spending on technologyFrontline’s cloud-based software provides a connected platform of administrative solutions that focuses on K-12 education.

Roper will pay about $3.375 billion for Frontline, including a tax benefit resulting from the deal, which is expected to close in the fourth quarter.

Frontline’s management team will continue to lead from its Malvern, Pennsylvania headquarters. Its name, brands, and office locations will not change as a result of the transaction.

Roper in June said it would sell a majority stake in its industrial business to private equity firm Clayton Dubilier & Rice for $2.6 billion.

“Thoma Bravo’s investment in Frontline is another example of our expertise across education, software and strategic M&A to accelerate growth and drive positive impacts – in this case promoting highly efficient and effective K-12 district operations,” said Brian Jaffee, a Partner at Thoma Bravo.

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