Simpson Thacher represented Laureate Education, Inc. (“Laureate”) in connection with a secondary offering of common stock by certain selling stockholders affiliated with KKR. The offering of 32,842,183 shares of Laureate common stock raised $309 million in aggregate proceeds before expenses, with the selling stockholders receiving all of the proceeds from the offering. Laureate also effected a $75 million repurchase of 7,971,303 shares of common stock from the underwriters.
Laureate (NASDAQ: LAUR) operates a portfolio of degree-granting higher education institutions in Mexico and Peru. Collectively, it has approximately 430,900 students enrolled at 5 institutions in Mexico and Peru.
The Simpson Thacher team included David Azarkh, John O’Connell, Carlie Passes and Jonathan Schwartz (Capital Markets); Andrew O’Brien (Executive Compensation and Employee Benefits); Jonathan Cantor (Tax); Abram Ellis (Regulatory); Mike Isby (Environmental); Bobbie Burrows (IP); and Jen Nadborny (PCAP). Matt Petrone provided valuable assistance.