Thursday, 21 March, 2019 - 09:23
Equity group to buy Navitas for $2.3b
A consortium comprised of private equity firm BGH, AustralianSuper and former Navitas chief executive Rod Jones have agreed to buy the global education provider for $2.3 billion.
AustralianSuper, Australia’s largest superannuation fund, is run only for members. AustralianSuper does not pay profits or dividends to shareholders, so the money goes back into the fund. It employs managers and specialist staff in-house, and complements its expertise with external service providers.
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