Laureate Education acquired by CEO-led investor group

By Lisa Kerner

Charlotte, N.C., Aug. 17 - The acquisition of Laureate Education, Inc. by an investor group is complete, it was announced on Friday.

The investor group is led by company chairman and chief executive officer Douglas L. Becker and includes Kohlberg Kravis Roberts & Co., Citi Private Equity, S.A.C. Capital Management, LLC, SPG Partners, Bregal Investments, Caisse de depot et placement du Quebec, Sterling Capital, Makena Capital, Torreal SA, Brenthurst Funds, Vulcan Capital and others.

Laureate was merged into the group's L Curve Sub Inc. and as a result, Laureate stock will no longer trade on Nasdaq.

The parties entered into a merger agreement on June 4 that gives Laureate shareholders $62 per share in cash. The transaction is valued at about $3.82 billion, a company news release stated.

Baltimore-based Laureate Education provides higher education to students through a network of campus-based and online universities.

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