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
IDP Education makes ASX debut

IDP Education makes ASX debut

Hutton.James

Two firms have assisted with the launch of an international student services provider on the ASX.

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

Deal: IDP Education Limited launched on the ASX.

Value: $850 million

Area: IPO

Key players: 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. 

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.

Deal significance:

International student placement services provider IDP Education Limited made its debut on the ASX on 26 November. Its market capitalisation at the close of day one of listing was about $850 million.

IDP is co-owner of the International English Language Testing System (IELTS) with Cambridge University and the British Council and the operator of English language schools in the south-east Asia region. 

It remains 50 per cent owned by MinterEllison's client, Education Australia Limited, which in turn is owned by 38 Australian universities. 

The IPO and listing followed the successful institutional sell-down of Seek Limited's 50 per cent stake in IDP for $330 million. The offer attracted strong interest from domestic and international investors, with the company debuting at a 28 per cent premium to the institutional price. 


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


IDP Education makes ASX debut
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
06:04
Young humanitarian lawyer California-bound
A young Australian lawyer will be travelling to the US next year for a prestigious nine-month study ...
Jackie Rhodes
Dec 12 2017
Report sheds light on LGBTQI inclusion in law firms
A recent report has revealed the varying perceptions on LGBTQI diversity and inclusion in the Austra...
Women in business
Dec 12 2017
Annabel Crabb headlines Women in Business Forum
Political journalist Annabel Crabb has appeared at the Coleman Greig Lawyers Women in Business Forum...
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 & ...