Navitas buys Uni of Melb English school

NAVITAS Ltd, formerly IBT Education Ltd, has continued its rapid growth by acquiring the University of Melbourne’s Hawthorn English Language Centre for $4.73 million. The deal follows an agreement signed with the University of Manitoba to establish Navitas’ second college in Canada, and agreements to establish two colleges in the UK. Navitas chief executive officer Rod Jones said the acquisition would add to bottom-line growth and was a good outcome for shareholders. “This is an excellent opportunity to purchase one of Australia’s most respected English language colleges, which is associated with the prestigious University of Melbourne and to add to bottom line growth,” Mr Jones said. Navitas said HELC was an English language college of significant size that provided English programs for international students to gain the required level of English proficiency for successful entry to the University of Melbourne. Julie-anne Sprague


(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

BNIQ sponsored byECU School of Business and Law

Navitas (NVT)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
309thAustralian Finance Group25%0%
543rdRCR Tomlinson-11%8%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$21k Bought
$31k Bought
$9k Bought
Total value as at the date of the transaction
Source: Morningstar


6th↑RCR Tomlinson$1,294.6m
10th↑Australian Finance Group$573.4m
239 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Navitas

216thRob Lourey$503k
426thDavid Buckingham$288k
464thHarvey Collins$270k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer