Shearman & Sterling advised Laureate Education, Inc. in the sale by a sponsor partnership of 10,955,000 shares of the company’s Class A common stock in a block trade. The number of shares sold included 955,000 shares pursuant to the exercise of the option to purchase additional shares granted to the underwriter by the selling stockholder in connection with the offering.
BMO Capital Markets Corp. acted as the sole underwriter for the offering.
Laureate Education, Inc. is the largest international network of degree-granting higher education institutions, with more than 850,000 students enrolled at over 25 institutions with more than 150 campuses, collectively referred to as the Laureate International Universities network. 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 students succeed, countries prosper and societies benefit. This belief is expressed through the company’s philosophy of being ‘Here for Good’ and is represented by its status as a certified B Corporation® and conversion in 2015 to a Delaware public benefit corporation, a new class of corporation committed to creating a positive impact on society.