It is an interesting question to ponder, BGH Capital bought out Navitas back in 2019 for around $2 billion.
My understanding is Navitas is at the very least half that of IDP, in reality more like 1/3. So it makes sense that someone like that would be looking at IDP, obviously the board and pretty much no shareholder is going to let it go for under $3 billion, but if they can snag it for around $3 billion and mash it with Navitas, they would have a powerhouse of an education service provider on their hands.
Their play here would be to let the cycle play out and relist the consolidated group when policies change and they get wild appetite again.
Side note, IDP Education's incoming chairwoman, Tracey Horton is Navitas's old chiarwoman and was the leading force behind BGH Capitals takeover of Navitas.
IEL Price at posting:
$3.59 Sentiment: Buy Disclosure: Held
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