IDP Education’s £34.9 Million Acquisition of 100% Shares in Hotcourses


Arnold Bloch Leibler has advised IDP Education on the deal

IDP Education is a global leader in international student recruitment and a co-owner of IELTS, a leading English language proficiency test. It is headquartered in Melbourne and is 50 per cent owned by 38 Australian universities, with the remaining 50 per cent traded on the ASX.

Hotcourses was founded 21 years ago as an educational print directory for learning opportunities in the UK and has since grown to become a fully digital and multinational company with over 300 staff in the UK, India, USA and Australia.

In the official ASX announcement, Andrew Barkla, CEO of IDP Education, commented on the impact the acquisition will have on the business: “This is a unique opportunity to bring together one of the world’s leading online international student engagement and marketing businesses with the world’s largest offline student placement business via IDP’s network of over 600 counsellors in 30 countries. We have been through a rigorous due diligence process to ensure business, operational and cultural fit between both entities and are thrilled with the acquisition.”

Arnold Bloch Leibler has advised with a team including Jonathan Wenig (Picture) and Jason van Grieke.

Involved fees earner: Jonathan Wenig – Arnold Bloch Leibler; Jason van Grieken – Arnold Bloch Leibler;

Law Firms: Arnold Bloch Leibler;

Clients: IDP Education Limited;

Avatar

Author: Michael Patrini