Private equity firm BGH Capital has launched a non-binding takeover offer for Webjet Group at 91 cents per share, edging out Helloworld’s 90-cent proposal lodged earlier this week.
In an ASX statement released today, Webjet Group – led by CEO Katrina Barry – confirmed the approach and said shareholders had granted BGH Capital access to due diligence, mirroring the process underway with Helloworld.
BGH Capital currently holds 18.3 per cent of Webjet Group, slightly above Helloworld’s roughly 17 per cent stake.
It remains unclear whether BGH Capital intends to acquire the group outright or is seeking to drive up the offer price.
The firm first attempted to take over Webjet Group in May with an 80-cent bid.
Webjet Group’s current share price is 89c according to its website.
Helloworld’s bid earlier this week landed on the same day Webjet Group released its 1H26 results, which CEO Katrina Barry described as “disappointing” in a call with shareholders last week.
Webjet Group reported a 9 per cent drop in underlying EBITDA in 1H26 as it grappled with “difficult” macroeconomic conditions and the fallout from the ACCC’s findings that the company breached consumer law.
For the six months to 30 September 2025, Webjet Group reported TTV of $726 million, down from $752 million a year earlier.
Revenue dipped 1 per cent to $67.9 million, while underlying EBITDA fell to $14.4 million, a 9 per cent decline.
Despite the softer performance, Barry emphasised the business is taking the right steps to position itself for long-term, sustainable growth, including a substantial brand refresh.
‘A powerful business proposition’ – Helloworld launches $353m takeover bid for Webjet Group
