IDP Education weighs Blackstone takeover offer in Australia
IDP Education is reviewing a revised buyout approach from Blackstone as weaker international student flows continue to pressure the Australian education-services company. The latest proposal values the IELTS co-owner at about A$833.7 million, or $571.17 million, and offers shareholders a higher cash premium after two earlier bids were rejected.
Highlights
- Blackstone raised its bid for IDP Education by 20%, now offering A$3 per share in cash, valuing the company at about A$833.7 million.
- IDP Education's board is reviewing the latest offer after rejecting Blackstone's prior A$2.30 and A$2.50 per share bids earlier this year.
- Tighter immigration and student-visa policies have driven IDP shares down over 61% year-to-date, prompting cost-cutting and lower 2027 EBIT projections.
Revised bid terms and board review
As reported by Reuters, Blackstone has lifted its offer by 20% in a third attempt to acquire IDP Education, proposing A$3 per share in cash. That represents about a 36% premium to the stock's last closing price and values the company at roughly A$833.7 million.Blackstone-managed funds previously offered A$2.50 per share in early September, after an earlier A$2.30 bid, and both proposals were rejected. IDP says its board will consider the new offer and has not yet made a decision.
Student market pressures shape backdrop
Tighter immigration and student-visa policies across major destination markets are weighing on international student flows, adding pressure to IDP's operating outlook. In response, the company has cut jobs, reduced its IELTS test-centre footprint and projected lower adjusted EBIT for fiscal 2027.IDP shares have fallen more than 61% this year, underscoring the scale of the challenges facing the business as Blackstone renews its takeover push.
We have also looked at Malaysia’s MyIMMs contract extension as a reminder of how immigration systems can shape cross-border mobility.
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