Laureate Education IPO Gets An ‘F’

Laureate Education IPO Gets An ‘F’
http://seekingalpha.com/article/4041128-laureate-education-ipo-gets-f?app=1&auth_param=160obu:1c91oa5:7dab9ddfa2ba4b6880e680bf2b0ee8b8&uprof=82&dr=1

Jan. 31, 2017 2:10 PM ET

Nicholas Durante

Summary

Laureate Education is set for an IPO which can raise them over $550 million.
The company faces high debt in a tough industry.
Suffocating debt combined with signs of declining revenue are reasons to skip this IPO.
I wrote an article back in October of 2015 about the Laureate Education (Pending:LAUR) IPO here. While I was bearish on the company when I wrote that article not much has changed. However, since the IPO is only a couple days away I thought I would take the time to reiterate my concerns.

They Are Leveraged Continue reading

Laureate Education is inching closer to its IPO

Technical.ly Baltimore

Laureate Education is inching closer to its IPO

A pair of SEC updates from the for-profit higher-ed company points to a new push toward going public.
http://technical.ly/baltimore/2017/01/19/laureate-ipo-filing/
By Stephen Babcock / REPORTER
More than a year after its first filing, Laureate Education appears set to move forward with its initial public offering (IPO).
The Harbor East-based for-profit higher-education company indicated in SEC filings in recent weeks that it is preparing to go public.

A December update to its SEC filing says the company will trade on the Nasdaq using the symbol LAUR. A second filing issued this week said it would offer 29 million shares priced between $17 and $20 per share. That would put the company’s raise at around $500 million.
Laureate, which owns for-profit universities in 25 countries, was a public company from 1993-2007. The announcement said this IPO is being offered in part to pay down its $4.2 billion in debt. Continue reading

Laureate Education launches FCPA probe into charitable donation

Compliance Week

Laureate Education launches FCPA probe into charitable donation

https://www.complianceweek.com/blogs/enforcement-action/laureate-education-launches-fcpa-probe-into-charitable-donation#.WJEQ0lOLTZ5

Jaclyn Jaeger| December 20, 2016

Laureate Education, a for-profit higher education institution, said that it is conducting an internal investigation into possible violations of the U.S. Foreign Corrupt Practices Act concerning an $18 million donation that one of its network institutions made in Turkey to a charitable foundation.

“We believed the donation was encouraged by the Turkish government to further a public project supported by the government and expected that it would enhance the position and ongoing operations of our institution in Turkey,” Laureate Education stated in a filing with the Securities and Exchange Commission.

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Apax rachète les écoles françaises du groupe Laureate

Apax rachète les écoles françaises du groupe Laureate

Cécile Peltier  |  Publié le 20.04.2016 à 18H27

http://www.letudiant.fr/educpros/actualite/apax-rachete-les-ecoles-francaises-du-groupe-laureate.html

Le géant américain Laureate va céder ses écoles françaises au fonds d’investissement Apax Partners, déjà propriétaire de l’Inseec. Le montant de cette vente, qui fait émerger un nouveau mastodonte de l’enseignement supérieur privé, n’a pas été communiqué.

Les cinq écoles mises en vente par le groupe Laureate Education – EBS, ESCE, ECE, IFG et CEPC – vont passer sous pavillon français. Le leader mondial de l’enseignement supérieur privé a annoncé, le 19 avril 2016, la signature d’un accord de cession de sa filiale française à Apax Partners. Le fonds d’investissement français refuse pour l’instant de communiquer sur le montant de la transaction, qui doit être finalisée d’ici à la fin juin, après avoir reçu le feu vert de l’Autorité de la concurrence.

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Agreement between Laureate Education, Inc. and Eurazeo for the sale of Glion and Les Roches hospitality management schools

Agreement between Laureate Education, Inc. and Eurazeo for the sale of Glion and Les Roches hospitality management schools

http://www.laureate.net/NewsRoom/PressReleases/2016/03/Agreement-between-Laureate-Education-Inc-and-Eurazeo

15/03/2016

Baltimore, Maryland – March 15, 2016 – Laureate Education, Inc., the largest global network of degree-granting higher education institutions, and Eurazeo, one of Europe’s leading investment companies, today announced that they have signed an agreement under which Eurazeo will acquire Glion Institute of Higher Education (“Glion”) and Les Roches International School of Hotel Management (“Les Roches”) from Laureate Education for a total transaction value of CHF 380m.

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Laureate met en vente ses écoles françaises et suisses

Laureate met en vente ses écoles françaises et suisses

Cécile Peltier  |  Publié le 21.01.2016 à 16H50

http://www.letudiant.fr/educpros/actualite/l-ebs-l-esce-l-ifg-et-l-ece-a-vendre.html

 

Le groupe américain Laureate International Universities cède ses pôles d’enseignement supérieur français (EBS, ESCE, IFG et ECE) et suisse (Les Roches, Glion). La procédure, qui commence tout juste, devrait durer plusieurs mois. Parmi les potentiels acquéreurs, circulerait, entre autres, le nom du fonds Apax, propriétaire de l’Inseec.

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