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New Deal


Announced

Completed

IDP Education completed the acquisition of the British Council’s Indian IELTS operations for $177m.

Financials

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Transaction Value£130m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Cross Border

english courses

Majority

Acquisition

Single Bidder

Private

India

Education Services

Friendly

Synopsis

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IDP Education, an international student placement services company, completed the acquisition of the Indian IELTS operations from British Council, an owner and operator of an international organization, for $177m. “While the pandemic prompted both the British Council and IDP to adapt operations in light of the changing environment, it also presented us with opportunities for new ways of working and innovation,” Andrew Barkla, IDP CEO.

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