Gadens advised 3P Learning, a global leader in online learning for school-aged students, on a series of significant corporate transactions, including a proposed takeover by IXL Learning, Inc. and a subsequent competing proposal from Byju’s.

Gadens  advised 3PL on all aspects of the transactions, including the proposed scheme of arrangement with IXL, the company’s response to a competing proposal from Think and Learn Private Ltd (Byju’s) and the subsequent, successful completion of a proposed merger with Blake eLearning Pty Ltd (BeL).

The proposed merger with BeL, valued at approximately $185m, was expected to transform 3PL’s business by doubling its market capitalisation and combining its established B2B education technology platform with BeL’s fast-growing B2C offering.

Lead partner Jol Rogers said:

“This deal was complicated by an unsolicited, rival bidder, which created a dynamic environment for the 3PL Board and its advisers to navigate. We worked closely with the Board to manage a complex and uncertain landscape and support informed decision-making under tight timeframes.”

The matter involved complex public market, governance and shareholder approval considerations across multiple competing transactions and jurisdictions. Gadens provided strategic, end-to-end corporate advisory support, helping the client navigate an evolving transaction landscape and position the business for long-term growth.