Chapman Tripp has advised ASX-listed Arowana International on the initial public offering (IPO) of its Australasian education business, Intueri Education Group (Intueri). In connection with the IPO, Intueri has listed today on both the NZX Main Board and the ASX. The IPO values Intueri at NZ$235 million.
Intueri is one of New Zealand’s largest private providers of vocational education.
Chapman Tripp partner Stephen Lowe, senior associate Joshua Pringle and senior solicitor Jeremy Gray acted for Arowana and Intueri.
Stephen Lowe said: “We wish to congratulate Arowana and Intueri on today’s listing.
“Private Training Establishments (PTE) are central to New Zealand’s economy, with international education the country’s fifth largest export industry. We are pleased to see a key part of New Zealand’s economy now represented on the public markets.”
The same Chapman Tripp team advised Arowana and Intueri on Intueri’s purchase of Quantum Education Group, which completed in conjunction with Intueri’s IPO.