Mayank Bansal, CFA
Mayank Bansal is a CFA Charterholder and heads the Equity Research team at Kapitales Research, with over 5 years of experience analysing global equity markets. He leads fundamental, data-driven research combining rigorous financial analysis with macro trends.
IDP Education Receives Revised AU$3.00 Per Share Takeover Proposal from Blackstone
Highlights
Introduction
IDP Education Limited (ASX: IEL) has disclosed a new takeover approach. In an announcement dated 11 November 2026, the company said it had received a further proposal from global investment firm Blackstone. The news puts one of Australia's best-known education services companies back in the takeover spotlight.
Details of the Revised Proposal
IDP said the proposal arrived after the market closed on 10 November 2026. It came from Blackstone Singapore Pte Ltd, acting on behalf of funds managed and advised by Blackstone Inc. and its affiliates. The approach is unsolicited, confidential and non-binding.
Blackstone wants to acquire 100% of IDP's shares through a recommended scheme of arrangement. The offer price is AU$3.00 in cash per share. That figure would be lowered by the amount of any dividends or distributions that IDP declares or pays after 10 November 2026.
Earlier Offers Were Rejected
This is not the first time Blackstone has approached the company. IDP's board unanimously rejected the earlier proposals. It said they failed to reflect the fundamental value of IDP's market-leading global platform and substantially undervalued the business. The board also described the timing of those approaches as highly opportunistic.
What the Board Will Do Next
The board has said it will consider the revised proposal with regard to the best interests of shareholders as a whole. It has made no decision so far. IDP also cautioned that there is no certainty the proposal will progress or lead to a transaction.
Guidance for Shareholders
For now, IDP shareholders do not need to do anything. The company has committed to updating the market in line with its continuous disclosure obligations, so further announcements are likely if discussions develop or the board reaches a view. The announcement was authorised by IDP's Board of Directors.
Outro
The revised AU$3.00 cash proposal raises an important question for IDP investors: does it capture the full value of the business? The board's response will be the next key moment to watch. Readers should follow official ASX announcements and seek professional advice before making any investment decisions.
Note: All data presented is based on information available at the time of writing.
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