Updated · The Australian Financial Review · Jul 27
Seek Growth Fund Hires Rothschild to Sell $500 Million-Plus OES Stake After 14 Years
Updated
Updated · The Australian Financial Review · Jul 27
Seek Growth Fund Hires Rothschild to Sell $500 Million-Plus OES Stake After 14 Years
1 articles · Updated · The Australian Financial Review · Jul 27
Summary
Rothschild has been hired to run a sale of Seek Growth Fund’s more than $500 million stake in Online Education Services, putting the long-held asset formally on the market.
The move follows 14 years of ownership and could deliver a payday for Seek, the ASX-listed group valued at about $4.75 billion.
OES is a joint venture with Swinburne University of Technology that helps universities and vocational providers design and distribute online qualifications.
The process signals Seek is actively exploring strategic options for an education-technology business outside its core employment platform.