Initial Public Offering

Technology & Services
Initial Public Offering

Summary

Baird served as a co-manager on this offering

About

Laureate Education, Inc. (“Laureate” or the “Company”) (NASDAQ-GS: LAUR), recently completed an initial public offering of 35,000,000 shares of common stock at a price of $14.00 per share, generating gross proceeds of $490 million. The Company intends to use the proceeds from the offering to repay, redeem or repurchase outstanding Senior Notes, term loans under Senior Secured Credit Facilities and/or seller notes used to partially finance the acquisition of FMU Education Group, the largest Laureate network institution in Brazil.

Laureate Education, Inc. is the largest global network of degree-granting higher education institutions, with more than one million students enrolled at its 71 institutions in 25 countries on more than 200 campuses, which are collectively referred to as the Laureate International Universities network. The institutions in the Laureate International Universities network offer a broad range of undergraduate and graduate degrees through campus-based, online and hybrid programs. The company was founded in 1998 and is headquartered in Baltimore, Maryland.
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Technology & Services
Initial Public Offering
Date
February 2017
Company
Laureate Education, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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