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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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.
The federal government's Foreign Investment Review Board (FIRB) has given the tick of approval to a private consortium’s proposed acquisition of global education provider Navitas.
Australia’s superannuation industry and its 16 million members watched markets fall and braced for impact as 2020 delivered an unprecedented financial stress test.
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Genesis Minerals boss Raleigh Finlayson has locked in another part of his ambition to consolidate the Leonora region after striking a deal to buy neighbouring gold company St Barbara.
Shares in St Barbara and Genesis Minerals have both risen strongly today in a rare example of both parties to a takeover deal gaining from the transaction.
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The financial services regulator alleges AustralianSuper charged members the same set of fees multiple times and failed to consolidate duplicate accounts.
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Name | Position | Year Started |
---|---|---|
Head of Investments Legal, Australia
|
2015 | |
Non-Executive Director
|
2013 | |
Non-Executive Director
|
2017 | |
Non-Executive Director
|
2006 | |
Non-Executive Director
|
2008 | |
Non-Executive Director, Deputy Chair since 2014
|
2007 | |
Non-Executive Director, Chair since 2013
|
2007 | |
Non-Executive Director
|
2016 | |
Non-Executive Director
|
2006 | |
Non-Executive Director
Alternate Director to Chair (2013 to 2014) |
2014 |
Name | Position | Year Started | Year Ended |
---|---|---|---|
Manager, Insights & Propositions
|
2016 | 2018 | |
Project Officer
|
2015 | 2016 | |
Senior Policy Advisor
|
2015 | 2016 | |
Proposition & Product Analyst
|
2015 | 2016 | |
Non-Executive Chair
|
2011 | 2015 | |
Retail Sales Consultant
|
2013 | 2015 | |
Non-Executive Director
|
2009 | 2014 | |
Alternate Director to Chair
|
2013 | 2014 | |
Non-Executive Director, Deputy Chair since 2013
|
2007 | 2014 | |
Non-Executive Chair
|
2007 | 2013 | |
Non-Executive Director
|