Summary

Laureate Education, Inc. (Pending:LAUR) filed an S-1/A with the Securities and Exchange Commission, signaling that the company is ready to move forward with its initial public offering. The company plans to sell 29 million shares at a marketed price range of $17 to $20. This means that the company is looking to raise just over $500 million in its IPO. It has an additional 4.35 million shares as an over-allotment option for its underwriters.

The joint book-running managers for the IPO are Credit Suisse, Morgan Stanley, Barclays, Macquarie Capital, J.P. Morgan, BMO Capital Markets, Citigroup and Goldman Sachs & Co. The co-managers for the IPO are, Baird, Barrington Research, Piper Jaffray, Stifel, William Blair, Bradesco BBI and BTG Pactual.

Business overview

Laureate Education, Inc. is a for-profit higher education company that operates universities in 25 countries around the world. It previously was a public company from 1993 to 2007 before being taken private. The company states that it is the largest company that offers higher education. It has more than 1 million students enrolled in its network of 71 universities.

Executive management overview

The chief executive officer and chairman of Laureate Education, Inc., Douglas L. Becker has served in those roles since Feb. 2000. He also served as the company’s president from June 2011 until Sept. 2015. From April 1994 until Feb. 2000, Becker was the co-chief executive officer and president of Laureate Education, and he has been a director since Dec. 1989.

Enderson Guimarães has served as the president and chief operating officer of Laureate since Sept. 2015. Prior to that, he served in multiple executive-level roles at PepsiCo Inc., including as the chief executive officer of PepsiCo Europe from Sept. 2012 to Sept. 2015. Before that, he was the chief executive officer of the major appliances division of Electrolux from 2008 to 2011. Before that, Guimarães spent 10 years working in a variety of capacities at Philips Electronics, leaving as a senior vice president. Guimarães has a Master of Business Administration from McGill University and a Bachelor of Science from the Aeronautical Institute of Technology in São José dos Campos, Brazil.

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