BX · News · 20260922N

IDP Education Takeover Bid

Blackstone Inc. · 2026-09-22 · Importance 52 · Surprise 42

Blackstone funds offered A$694.7 million ($493.8 million), or A$2.50 per share in cash, for Australian education-services provider IDP Education. IDP rejected the improved proposal as substantially undervaluing its global platform and future earnings potential. The offer followed an earlier A$2.30-per-share proposal that IDP also rejected. IDP cited its multi-year transformation program and expected earnings recovery despite recent pressure from tighter immigration policies.

Key facts

• Blackstone submitted a roughly A$694.7 million ($493.79 million) takeover proposal for IDP Education. source
• Blackstone submitted a sweetened takeover bid for IDP Education valued at approximately A$694.7 million ($493.8 million) which IDP rejected as "highly opportunistic". source
• Blackstone submitted an indicative takeover offer for IDP Education valued at A$2.50 per share in cash. source
• Blackstone previously made an earlier bid for IDP Education of A$2.30 per share which IDP also turned down. source