IDP discloses $700m Blackstone takeover bid – two weeks after it lobbed
IDP Education has rejected a $700 million takeover bid from Blackstone, citing that the offer significantly undervalued the company. The firm has faced financial pressure due to recent Australian government restrictions on international student visas.
Why it matters
This highlights the impact of government policy on the education sector and the ongoing interest from private equity firms in distressed educational assets.
IDP Education says it received a takeover offer from Blackstone more than two weeks ago but rejected the bid because it undervalued the company, the country’s largest listed provider of schooling for international students.
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