Laureate Education To Sell Institution In Malaysia To Affinity Equity Partners

Laureate Education To Sell Institution In Malaysia To Affinity Equity Partners

December 15, 2017, 08:09:00 AM EDT By RTT News

http://www.nasdaq.com/article/laureate-education-to-sell-institution-in-malaysia-to-affinity-equity-partners-20171215-00307

(RTTNews.com) – Laureate Education Inc. ( LAUR ) and Affinity Equity Partners have signed an agreement for the sale of Laureate’s global network institution in Malaysia – INTI University and Colleges – for a total transaction value of US$180 million. The net transaction value to Laureate under the Agreement will be US$162 million. Continue reading

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Laureate Education To Sell Institutions In Italy And Cyprus For $263 Mln

Laureate Education To Sell Institutions In Italy And Cyprus For $263 Mln

November 22, 2017, 08:13:00 AM EDT By RTT News

http://markets.businessinsider.com/news/stocks/laureate-education-to-sell-institutions-in-italy-and-cyprus-for-263-mln-1009088716

(RTTNews.com) – Laureate Education Inc. ( LAUR ), and Galileo Global Education, a company under the umbrella of Providence Equity, a global asset management firm, have signed an agreement for the sale of Laureate’s institutions in Italy and Cyprus for a total transaction value of 225 million euros or $263 million at the current exchange rate.

Nuova Accademia di Belle Arti Milano (NABA) and Domus Academy collectively make up one of the largest private fine arts academies in Milan, offering innovative market-aligned products augmented by deep industry immersion and partnerships.

European University Cyprus (EUC), which was established in 1961, is a leading fully comprehensive university with the first medical school and only accredited dentistry program in Cyprus. EUC offers unparalleled medical facilities and holds recognition by leading professional medical and healthcare associations.

The transaction is expected to occur in January 2018.

For comments and feedback: contact editorial@rttnews.com

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This article appears in: Stocks , Politics

Referenced Symbols: LAUR

 

Laureate Education, Inc. agrees to sell its interest in its university in China to China YuHua Education Corporation Limited

Laureate Education, Inc. agrees to sell its interest in its university in China to China YuHua Education Corporation Limited

Wed December 27, 2017 8:00 AM|GlobeNewswire|About: LAUR

https://seekingalpha.com/pr/17034248-laureate-education-inc-agrees-sell-interest-university-china-china-yuhua-education

BALTIMORE, Dec. 27, 2017 (GLOBE NEWSWIRE) — Laureate Education, Inc. (NASDAQ:LAUR), the world’s largest global network of higher education institutions, and China YuHua Education Corporation Limited (HK:6169), have signed an agreement for the sale of Laureate’s interest in Hunan International Economics University (HIEU), for a total transaction value of RMB1,430 million (US dollar equivalent of $218.5 million at current exchange rates).

Founded in 1997, HIEU is a comprehensive university serving nearly 30,000 students, and is the largest private university in Hunan province, China. Continue reading

Laureate Education, Inc. agrees to sell its university in Morocco to KMR Holding Pédagogique

Laureate Education, Inc. agrees to sell its university in Morocco to KMR Holding Pédagogique

Thu January 11, 2018 5:15 PM|GlobeNewswire|About: LAUR

https://seekingalpha.com/pr/17045363-laureate-education-inc-agrees-sell-university-morocco-kmr-holding-pedagogique

BALTIMORE, Jan. 11, 2018 (GLOBE NEWSWIRE) — Laureate Education, Inc. (NASDAQ:LAUR), the world’s largest global network of higher education institutions, and KMR Holding Pédagogique, the leading state-recognized multi-disciplinary private higher education platform in Francophone Africa, have signed an agreement for the sale of Laureate’s institution in Morocco – Université Internationale de Casablanca (UIC). Continue reading

National Louis University and Laureate Education, Inc. Announce Transfer Agreement of Kendall College’s Programs and Other Assets

National Louis University and Laureate Education, Inc. Announce Transfer Agreement of Kendall College’s Programs and Other Assets

By GlobeNewswire,  January 16, 2018, 09:05:00 AM EDT

http://www.nasdaq.com/press-release/national-louis-university-and-laureate-education-inc-announce-transfer-agreement-of-kendall-20180116-00767

CHICAGO, Jan. 16, 2018 (GLOBE NEWSWIRE) — National Louis University (NLU), Laureate Education, Inc. (Nasdaq:LAUR) and Kendall College, LLC announced today they have entered into an agreement whereby Kendall College’s current programs and other assets will transfer to NLU. The boards of NLU and Kendall approved this arrangement, with the additional agreement of Kendall’s parent company, Laureate Education, Inc. This transfer of programs is contingent on regulatory approvals, including that of the U.S. Department of Education and the Higher Learning Commission, whose decision is expected the latter half of this year, but possibly as soon as the summer.

Currently, both NLU and Kendall offer early childhood education and business, as well as general education programs. Kendall’s other three degree offerings represent new programs at NLU. As part of this agreement, Kendall and Laureate will provide financial support for NLU to create state-of-the-art facilities including kitchens, a dining room, and hospitality and culinary innovation space and classrooms on its flagship Michigan Avenue campus. NLU will create a third college within the University that will be known as the Kendall College of Culinary Arts and Hospitality Management at NLU.Under this agreement, NLU will offer all five of Kendall College’s degree programs –  baking & pastry, business, culinary arts, early childhood education, and hospitality management – plus Kendall College’s general education programs.
“NLU and Kendall College share many important core values and a similar mission of providing access to quality higher education that prepares students for career success,” said Nivine Megahed, Ph.D., NLU president. “After careful consideration, the NLU Board of Trustees has determined that this is an excellent opportunity to grow our institution’s ability to offer additional professional pathways through established programs, serving more students and building stronger communities.”

Paul Lussow, Kendall president, said “The Kendall College board and leadership want to ensure the best future for the college and its students. We believe this agreement with NLU represents a thoughtful solution for our current students to continue their education in Chicago at a long-standing institution with a strong mission and academic history, and we are also pleased that the Kendall name will continue.”

Both NLU and Kendall have earned premier reputations for their programs and their dedication to educating students with diverse backgrounds and experiences. NLU is known for excellence in programs that focus on teacher preparation, business management, health and human services, and social and behavioral sciences. Founded in 1934, Kendall prepares students for careers in the culinary, hospitality, business and education fields, and is ranked as a top culinary and hospitality school in the nation. NLU serves more than 7,000 students per year on its six campuses in Illinois and Florida, and Kendall has approximately 1,000 students.

Eilif Serck-Hanssen, chief executive officer of Laureate, added, “This agreement honors Laureate’s commitment to our students and their success by finding a partner that will continue Kendall’s mission and legacy. It also reflects Laureate’s efforts to simplify and focus our operations, while continuing to have a meaningful impact on the communities we serve.”

Parchman, Vaughan & Company, LLC acted as financial advisor to Laureate.

About National Louis University

National Louis is a nonprofit, non-denominational University offering bachelor’s, master’s, and doctoral degrees in the fields of education, management, human services, counseling, public policy, and others concerned with career and professional development.

National Louis’ roots date back to 1886 when it first began providing educational access to adult, immigrant and minority populations. Our mission to provide innovative and superior and supportive educational experience for students of all ages and backgrounds continues today through progressive and professionally focused programs. National Louis, well-known for an exceptional history in teacher training, is committed to the preparation of professionals who serve their communities and provide leadership to improve urban environments.

In 2015, NLU launched the Pathways program which offers students – especially low-income and minority students – wraparound support services to overcome real-life barriers to college success. The program is designed affordably to address cost barriers and helps students attain the college degrees employers will require in the future.

NLU works hard to improve schools and businesses through community partnerships and applied research. The University serves more than 7,000 students at six locations in Illinois and Florida, and we are proud of the 65,000 living alumni who are using their NLU education to serve others. For more information visit www.NL.edu.

About Kendall College

Kendall College, founded in 1934 and located in Chicago, offers undergraduate degrees in culinary arts, hospitality management, business and early childhood education that combine strong academics with practical experience and international opportunities. Kendall College was ranked the No. 1 program in Chicago for preparing students for careers in hospitality management and culinary arts in a survey of hiring managers at Chicago’s leading hotels and Michelin Guide restaurants (KTNS Global – 2017 Survey). Kendall College is accredited by The Higher Learning Commission. For more information about Kendall visit www.kendall.edu.
About Laureate Education, Inc.

Laureate Education, Inc. is the largest global network of degree-granting higher education institutions, with more than one million students enrolled across nearly 70 institutions in 23 countries at campuses and online. Laureate offers high-quality undergraduate, graduate, and specialized degree programs in a wide range of academic disciplines that provide attractive employment prospects. Laureate believes that when our students succeed, countries prosper, and societies benefit. For more information about Laureate visit www.laureate.net.

Media Contact for NLU:

Kellie Kennedy, kelliek@theharbingergroup.com

Laureate Education, Inc. Agrees to Sell University of St. Augustine for Health Sciences to Altas Partners

Laureate Education, Inc. Agrees to Sell University of St. Augustine for Health Sciences to Altas Partners

By GlobeNewswire, April 25, 2018, 08:30:00 AM EDT

https://www.nasdaq.com/press-release/laureate-education-inc-agrees-to-sell-university-of-st-augustinefor-health-sciences-to-altas-20180425-00828
BALTIMORE, April 25, 2018 (GLOBE NEWSWIRE) — Laureate Education, Inc. (NASDAQ:LAUR), the world’s largest global network of higher education institutions, announced today that it has signed an agreement with Altas Partners, a long-term oriented investment firm, for the sale of the University of St. Augustine for Health Sciences (USAHS), contingent on the receipt of all necessary regulatory and accreditation approvals.
Continue reading

U.S. Halts New Rules Aimed at Abuses by For-Profit Colleges

 STACY COWLEY and PATRICIA COHENJUNE 14, 2017

The Trump administration is formally reconsidering — and may dismantle — two new rules that were a cornerstone of the Obama administration’s crackdown on predatory for-profit colleges.

The announcement by the Education Department on Wednesday freezes changes that would speed up and expand a system for erasing the federal loan debt of student borrowers who were cheated by colleges that acted fraudulently. It also throws into limbo what is known as the gainful employment mandate, which cuts off loans to colleges if their graduates do not earn enough money to pay off their student debt. Continue reading

No Profit in Betsy DeVos

Gail Collins OCT. 27, 2017

Perhaps you’re wondering how Betsy DeVos is doing.
Or maybe not, unless you’re planning to go to a Halloween party dressed as the secretary of education.
DeVos is the superrich Republican donor who once led a crusade to reform troubled Michigan public schools by turning them into truly terrible private ones. Now she’s in the Trump cabinet, and she seems to be dedicating a lot of her time to, um, lowering higher education. Continue reading

We Will Keep Suing.’ 17 States Slam Betsy DeVos for Blocking Rules on For-Profit Colleges

We Will Keep Suing.’ 17 States Slam Betsy DeVos for Blocking Rules on For-Profit Colleges

By Katie Reilly
October 18, 2017

Education Secretary Betsy DeVos speaks at the Harvard University John F. Kennedy Jr. Forum on “A Conversation On Empowering Parents” moderated by Paul Peterson on Sept. 28, 2017 in Cambridge, Massachusetts.

Democratic attorneys general in 17 states and the District of Columbia filed a lawsuit Tuesday against Education Secretary Betsy DeVos over the department’s decision to block Obama-era protections for students attending for-profit colleges. Continue reading

Betsy DeVos Accused Students Who Were Defrauded by For-Profit Colleges of Wanting “Free Money”

Betsy DeVos Accused Students Who Were Defrauded by For-Profit Colleges of Wanting “Free Money”

BY  JACK MOORE
September 26, 2017

 

Betsy DeVos must love negative attention. You see, usually the secretary of education, though an important position, isn’t an incredibly public one. I mean, sure, we all knew Arne Duncan played basketball, and were aware of his major policy initiatives (Race to the Top, for example), but it’s not like every few days we’d get headlines about all of Arne Duncan’s controversial comments. But obviously we are very far from usual times, and Betsy DeVos is far from a usual secretary of education. So far, during her time in the office, she has repeatedly worked to make it more difficult for people to pay back their student loans, rolled back Obama-era policies that strove to fight campus rape, and defended the rights of shady for-profit colleges that rip off students. Because nothing says “coherent education policy” like “constantly screwing over students.” Her latest disaster fits right in with all of her other terrible disasters. Continue reading