(Adds detail on the offer, background)
Jan 15 (Reuters) - Australian adult education provider Navitas Ltd (NVT) on Tuesday received a sweetened A$2.09 billion ($1.50 billion) buyout offer from a consortium of its founder Rod Jones and private equity firm BGH.
The new proposal values the company at A$5.825 per share, a 18.9 percent premium to its last close and higher than the A$5.50 bid made by the consortium last year.
The Perth-based firm, which teaches English to migrants, said its directors plan to unanimously recommend the improved offer subject to the parties signing a binding scheme implementation deed on the same terms as the revised bid.
Navitas has granted exclusive due diligence to the consortium till Feb. 18, 2019.
The education provider spurned the earlier offer, saying that it undervalued the company and was exploring other takeover options.
Operating in Australia, North America and Britain, Navitas posted its first annual loss in August 2018, and has been seen by analysts as vulnerable to shifting political tides as an immigration crackdown in the United States weighs on enrolments. ($1 = 1.3895 Australian dollars)
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