iSelect not to buy this dog of a stock, page-27

In late 2015/early 2016, ISU, had a takeover bid from Private equity firm Providence Equity Partners, but the private equity firm walked away and ISU lost CEO as well, share price tumbled as low as 63c.
Share price recovery to $2.20, spent $60m on share buy back, paid about $19m dividends, invested in iMoney etc, now, back to 44.5c

At 44.5c, Market cap: $98m
Cash: $21m
Debt free.
Enterprise value: $77m

Will the private equity firm come back?