Simpson Thacher represented the underwriters in connection with a secondary offering by Wengen Alberta, Limited Partnership (”Wengen”) of 14,087,500 shares of Class A common stock of Laureate Education, Inc. (“Laureate”), which includes the full exercise of the underwriters’ option to purchase additional shares. The offering raised approximately $197.2 million in gross proceeds for Wengen.
Laureate is the largest international network of degree-granting higher education institutions, primarily focused in Latin America, with more than 850,000 students enrolled at over 25 institutions with more than 150 campuses. In 1999, Laureate made its first investment in higher education and, since that time, it has developed into the global leader in higher education. Laureate offers high-quality undergraduate, graduate and specialized programs in a wide range of disciplines that provide attractive employment prospects.
The Simpson Thacher team for this transaction included David Azarkh, Ashley Yoon and Grady Chang (Capital Markets); Eric Wolf (Executive Compensation and Employee Benefits); Jonathan Cantor and Jasmine Hay (Tax); Andrew Pagliughi (FINRA & Blue Sky); Mike Isby (Environmental); and Lori Lesser and Melanie Jolson (IP).