G8 Education has granted Melbourne-based Majority Capital Partners six weeks of exclusive due diligence on a non-binding proposal to buy the childcare operator for A$0.26 a share, valuing it at about A$197m (US$135m), the company told the ASX on 12 November 2026.
Why Majority Capital Partners Pty Ltd is buying G8 Education Limited
G8 said its board decided, taking into account the interests of children and families and after consulting advisers, that it was in shareholders' best interests to let Majority Capital Partners carry out confirmatory due diligence and negotiate a binding scheme implementation deed. Majority Capital describes itself as an Australian investment manager that takes concentrated, long-term positions in Australian companies.
Deal terms and financing
The A$0.26 price, less any dividends declared after the deed, is a 160% premium to the A$0.100 close on 11 November, a 177% premium to the one-month VWAP and a 143% premium to the three-month VWAP. Shareholders could elect to receive a percentage, still to be set, in shares of a new holding company. The process deed includes no-shop, no-talk, notification and matching rights, with fiduciary carve-outs after the first three weeks.
Regulatory approvals and timing
Any binding deal would be subject to confirmatory due diligence, a scheme implementation deed, Majority Capital's investment committee approval and binding debt and equity commitments, an independent expert's report and the usual court and shareholder approvals for a scheme.
Market context
G8 operates early learning centres across Australia. Its shares have traded between A$0.088 and A$0.73 over the past year, according to ASX data.
