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International law firm Ashurst is advising global leading education provider Navitas Limited ('Navitas') on a A$2 billion indicative proposal from a consortium led by BGH Capital Pty Ltd, and including AustralianSuper Pty Ltd, as trustee for AustralianSuper, and Mr Rodney Jones, a non-executive director and founding shareholder of Navitas.

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Navitas, which offers an extensive range of educational services, received an unsolicited non-binding conditional proposal from the consortium to acquire 100 per cent of the shares in the company, by way of a scheme of arrangement, at A$5.50 per share in cash.

The indicative proposal also contemplates an alternative such that shareholders could receive consideration of A$2.75 cash per share and one ordinary share in a newly formed unlisted company (that will initially own Navitas) for every two shares held in Navitas.

Given Mr Jones's interest and involvement in the consortium, Navitas is putting in place formal protocols in relation to Mr Jones's access to information, employees, and attendance at board meetings.

The Ashurst team is being led by partners Roger Davies and Antonella Pacitti, assisted by senior associate Rowan Krasnoff and lawyer Jacob Carmody.

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