find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Global student recruiter launches IPO

Global student recruiter launches IPO

Robert Pick, Allens

An international student recruitment company headquartered in Melbourne has launched a $331.6 million IPO.

Firms: MinterEllison (Education Australia Limited); Allens (IDP Education Limited); Arnold Bloch Leibler (Seek Limited)

Deal: IDP Education launched an IPO

Value: $331.6 million

Area: Equity capital markets

Key players: The Allens team was led by corporate partner and co-head of the firm’s equity capital markets team, Robert Pick (pictured). He was joined by senior associate Hannah Biggins, associate Yan-Lin Lee and lawyers Simone Kaser and Annie Zheng.

MinterEllison’s team comprising partner James Hutton (pictured), special counsel Renee Doyle and associate Joshua Fast.

Arnold Bloch Leibler's head of corporate and commercial Jonathan Wenig and senior associate Jeremy Lanzer advised Seek Limited on the sale of its 50 per cent stake in IDP for $330 million. 

Deal significance:

IDP Education is an international student recruitment company, with global headquarters located in Melbourne.

The firm is currently owned 50 per cent by 38 Australian universities through Education Australia Limited, and 50 per cent by SEEK Limited through its wholly-owned subsidiary, SEEK Investments Pty Ltd.

On completion of the IPO, Education Australia will hold 50 per cent of the shares on issues and SEEK Investments will not hold any share.

The IPO is expected to raise $331.6 million based on an offer price of $2.54 per share. This will equate to an enterprise value of $658.1 million and a market capitalisation on listing of $663.3 million.


Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017


Global student recruiter launches IPO
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice
Dec 15 2017
Timing ‘critical’ in unusual contempt of court ruling
A recent case could have interesting implications for contempt of court rulings, according to a Ferr...
Dec 14 2017
International arbitration and business culture
Promoted by Maxwell Chambers. This article discusses the impact of international arbitration on t...
Papua New Guinea flag
Dec 14 2017
World-first mining case launched in PNG
Citizens of Papua New Guinea have launched landmark legal proceedings against the country’s govern...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...