Crimson Education founder Jamie Beaton with chairman Sir John Key, pictured at Crimson's Auckland office in 2021. (Image: Supplied)Jamie Beaton’s Crimson Consulting has launched a hostile raid across the Tasman with a $48m bid to take over international tutoring provider Kip McGrath.Notices filed with the ASX said Crimson was offering to acquire shares for A$0.73, a claimed 62.2% premium on the most recent trading price.If ultimately successful, Crimson would pay A$40m (NZ$48m) cash to assume control of Kip McGrath.The offer was said to be funded from Crimson’s cash reserves.The notice said a substantial minority shareholder – Pie Funds Management, which...