BX · News · 20260922N

IDP Takeover Bid

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

Blackstone funds’ improved takeover proposal for Australia-listed IDP Education was rejected at A$2.50 per share, valuing the bid at approximately A$694.7 million ($493.8 million). IDP said the offer substantially undervalued its global education-services platform and future earnings potential, describing it as highly opportunistic amid current industry conditions. The company cited an ongoing multi-year transformation, while tighter immigration policies have recently pressured its earnings; Blackstone’s prior A$2.30-per-share proposal was also rejected.