What type of company is Laureate Education, Inc. according to its description?

Laureate Education, Inc. is described as an American corporation and is publicly traded.

On which stock exchange is Laureate Education, Inc. traded, and what is its ticker symbol?

Laureate Education, Inc. is traded on the Nasdaq under the ticker symbol LAUR for its Class A shares, and it is also listed as a component of the Russell 2000 Index.

What industries does Laureate Education, Inc. operate within?

Laureate Education, Inc. operates within the higher education industry and is also recognized as a Benefit Corporation, which signifies a commitment to social and environmental impact alongside profit.

When was Laureate Education founded, and by whom?

Laureate Education was founded in 1998 by Douglas L. Becker.

Where is Laureate Education, Inc. headquartered?

Laureate Education, Inc. is headquartered in Miami, Florida, United States.

Who are the current CEO and CFO of Laureate Education, Inc. as listed?

As listed, Eilif Serck-Hanssen is the CEO and Richard M. Buskirk is the CFO of Laureate Education, Inc.

What was Laureate Education's revenue in the fiscal year 2021?

Laureate Education reported a revenue of US$1.086 billion for the fiscal year 2021.

What was Laureate Education's operating income in 2021?

In 2021, Laureate Education reported an operating income of -US$137.5 million.

What was Laureate Education's net income in 2021?

Laureate Education reported a net income of US$203.7 million in 2021.

How many employees did Laureate Education have in 2021?

Laureate Education had 24,000 employees in 2021.

What is the primary business of Laureate Education, Inc.?

Laureate Education, Inc. owns and operates Laureate International Universities, which has campuses located in Mexico and Peru.

What was Laureate Education's original name when it was established in 1998?

Laureate Education was originally established in 1998 under the name Sylvan International Universities.

What was the first international acquisition made by Sylvan International Universities, and in what year?

The first international acquisition made by Sylvan International Universities was Spain's Universidad Europea de Madrid in 1999.

By 2001, what were some of the key institutions included in Sylvan International Universities' portfolio?

By 2001, the company's portfolio included Mexico's Universidad del Valle de México, Chile's Universidad de las Américas, Switzerland's Les Roches International School of Hotel Management, and a 41% ownership stake in Walden University.

When and why did Sylvan International Universities change its name to Laureate Education?

The company changed its name to Laureate Education in May 2004 to signify its exclusive focus on post-secondary education after selling its K-12 business units.

When did Laureate Education become a private company, and who led the investor group?

Laureate Education became a private company in 2007 after being acquired by an investor group led by its founder, Douglas Becker.

What role did former U.S. President Bill Clinton hold with Laureate Education, and during what period?

Former U.S. President Bill Clinton served as the honorary chancellor of Laureate Education from 2010 until early April 2015.

How much was Bill Clinton reportedly paid for his role as honorary chancellor of Laureate?

Bill Clinton's publicly disclosed tax returns indicated he received nearly $16.5 million for his work with Laureate.

What significant investment did the International Finance Corporation make in Laureate Education, and why?

In January 2013, the International Finance Corporation, part of the World Bank Group, invested $150 million in Laureate to help expand access to higher education in emerging markets.

What was the nature of the partnership between Laureate Education and the Thunderbird School of Global Management?

In March 2013, Laureate partnered with Thunderbird School of Global Management to provide capital for Thunderbird to establish international instruction sites, develop an undergraduate program, and enhance its executive and online offerings.

Who were the notable individuals appointed to Laureate's board of directors in December 2013?

In December 2013, Laureate announced the election of three independent directors: Robert B. Zoellick, former president of the World Bank; Judith Rodin, president of the Rockefeller Foundation; and George Muñoz, principal of Muñoz Investment Banking Group.

Who succeeded Bill Clinton in a presidential counselor role at Laureate, and what was their prior position?

Ernesto Zedillo, the former president of Mexico, took on the role of Presidential Counselor at Laureate in 2015, replacing U.S. President Clinton.

What was Laureate's reported revenue and number of schools in 2014?

In 2014, Laureate reported revenue of approximately $4 billion and owned 75 schools in 30 countries.

How did Moody's assess Laureate Education's financial standing in July 2015?

In July 2015, Moody's rated Laureate's corporate bonds as high-risk and described the company as highly leveraged.

What was the primary stated purpose of Laureate Education's initial public offering (IPO) filing in October 2015?

Laureate Education filed for an initial public offering in October 2015, disclosing $4.7 billion in debt and stating that the funds raised would be used to reduce its debt load.

When did Laureate Education become a certified benefit corporation, and what was its significance?

Laureate Education became a certified benefit corporation at the end of 2015, and at that time, it was the largest such corporation.

What were the key financial outcomes of Laureate's initial public offering on the NASDAQ in February 2017?

Laureate's IPO on the NASDAQ in February 2017 began trading at $14 per share, raising $490 million from the initial offering of 35 million shares, and closed its first day at $13.25 per share.

Who succeeded Douglas Becker as CEO of Laureate Education, and when did this change occur?

Douglas Becker resigned as CEO of Laureate effective January 2018, and was succeeded by Chief Financial Officer Eilif Serck-Hanssen.

In which regions did Laureate Education begin divesting its operations in 2018?

In 2018, Laureate began divesting operations in markets including Morocco, the United States, China, Malaysia, Italy, and Cyprus, shifting its focus to Spain, Portugal, the U.S., and South and Central America.

What allegations of corruption were reported against Laureate Education in Brazil in May 2019?

In May 2019, a Brazilian news outlet reported that teachers accused Laureate of corruption in Brazil, including allegations of forged documents and assigning teachers to classes outside their areas of expertise.

To which company did Laureate Education announce the sale of Walden University in September 2020, and for how much?

In September 2020, Laureate announced it would sell Walden University to Adtalem for $1.48 billion.

What was the final agreement for the sale of Laureate's Brazilian operations in late 2020?

In November 2020, Laureate reached a new agreement to sell its Brazilian operations to Anima Holding for $765 million, after initially agreeing to sell to Ser Educacional for $724 million.

Which countries constituted Laureate Education's primary focus for continuing operations in 2021?

In 2021, Laureate Education focused its continuing operations on Mexico and Peru.

What financial action did Laureate Education announce in September 2021 following the completion of the Walden University sale?

Following the completion of the Walden sale in August 2021, Laureate announced a $1.29 billion cash distribution to eligible stockholders, planned for October 2021.

What were Laureate Education's revenue and total enrollment figures for the year 2004?

In 2004, Laureate Education reported revenue of $648 million and a total enrollment of 130,000 students.

What were Laureate Education's revenue and total enrollment figures for the year 2013?

In 2013, Laureate Education reported revenue of $3.913 billion and a total enrollment of 800,000 students.

What were Laureate Education's revenue and total enrollment figures for the year 2020?

In 2020, Laureate Education reported revenue of $1.02 billion and a total enrollment of 336,500 students.

What subjects are taught by the remaining colleges within Laureate International Universities?

The remaining colleges within Laureate International Universities teach subjects including design, business, culinary and hospitality, and health sciences.

Which universities in Mexico are currently part of Laureate International Universities?

The universities in Mexico that are part of Laureate International Universities are Universidad del Valle de México (UVM) and Universidad Tecnológica de México (UNITEC).

Which universities in Peru are currently part of Laureate International Universities?

The universities in Peru that are part of Laureate International Universities are CIBERTEC, Universidad Peruana de Ciencias Aplicadas (UPC), and Universidad Privada del Norte (UPN).

Which Australian institutions were previously affiliated with Laureate Education, and when did their affiliations conclude?

Australian institutions previously affiliated with Laureate Education included Blue Mountains International Hotel Management School, Torrens University Australia, and THINK Education Group, all of which ended their affiliations in 2020.

Which Brazilian institutions were part of the Laureate Education network, and when did most of their affiliations end?

Several Brazilian institutions were part of the Laureate network, including Universidade Anhembi Morumbi and FMU Education Group, with most of their affiliations ending in 2021.

Which Chilean institutions were previously part of the Laureate Education network, and when did their affiliations end?

Chilean institutions previously affiliated with Laureate Education included Universidad de Las Américas and Universidad Andrés Bello, with their affiliations ending in 2020.

Which Spanish institutions were previously part of the Laureate Education network, and when did their affiliations end?

Spanish institutions previously affiliated with Laureate Education included Universidad Europea de Madrid and Universidad Europea de Valencia, with their affiliations ending in 2019.

Which Swiss institutions were previously part of the Laureate Education network, and when did their affiliations end?

Swiss institutions previously affiliated with Laureate Education included Les Roches International School of Hotel Management and Glion Institute of Higher Education, with their affiliations ending in 2016.

Which United States institutions were previously affiliated with Laureate Education, and when did their affiliations conclude?

U.S. institutions previously affiliated with Laureate Education included Walden University (ended 2021), Kendall College (ended 2018), and Santa Fe University of Art and Design (ended 2018).

What is the official website for Laureate Education, Inc.?

The official website for Laureate Education, Inc. is laureate.net.

What business data sources are provided for Laureate Education Inc.?

Provided business data sources for Laureate Education Inc. include Google Finance, Reuters, and Yahoo! Finance.

What international authority control databases are listed for Laureate Education?

The international authority control databases listed for Laureate Education are ISNI and VIAF.

What national authority control database is listed for Laureate Education?

The national authority control database listed for Laureate Education is for the United States (Library of Congress).

Laureate Education Wiki: Global Academia: The Laureate Education Chronicle

Dive in with Flashcard Learning!

When you are ready...
🎮 Play the Wiki2Web Clarity Challenge Game🎮

Laureate Education: An Overview

Corporate Identity

Laureate Education, Inc. is a prominent American corporation headquartered in Miami, Florida. It operates as a global network of higher education institutions, with a significant presence in Mexico and Peru through its Laureate International Universities brand.^[1]

Market Presence

The company is publicly traded on the Nasdaq under the ticker symbol LAUR (Class A) and is a component of the Russell 2000 Index. This public status reflects its scale and integration into the broader financial markets.^[3]

Mission and Structure

Laureate is structured as a Benefit Corporation, signifying a commitment to social and environmental performance alongside profit. Its core mission revolves around expanding access to higher education, particularly in emerging markets, by operating and developing universities worldwide.^[3]

Corporate History: A Transformative Journey

Genesis (1998-2009)

Founded in 1998 by Douglas L. Becker as Sylvan International Universities, the company initially focused on post-secondary education. Early strategic moves included the acquisition of Spain's Universidad Europea de Madrid in 1999 and expansion into Latin America and Europe with institutions like Universidad del Valle de México and Les Roches.^[4]^[5] By 2004, after divesting its K-12 operations, it was renamed Laureate Education, signaling a clear strategic pivot.^[9]

Expansion and Influence (2010-2017)

This period marked significant growth, with Laureate operating over 75 schools in 30 countries and serving hundreds of thousands of students. Notable events include a substantial investment from the International Finance Corporation to bolster access in emerging markets and the prominent role of former U.S. President Bill Clinton as honorary chancellor.^[11]^[17] The company's transition to a public entity via an IPO in 2017 underscored its global reach and ambition.

Restructuring and Divestiture (2017-2021)

Following a period of rapid expansion, Laureate underwent significant restructuring, divesting numerous institutions across various countries. This strategic shift aimed to streamline operations and focus on core markets, primarily in Mexico and Peru. The company also navigated changes in leadership and faced scrutiny regarding its operational practices.^[35]^[43]

Global Operations

Mexico

Laureate's presence in Mexico includes two key institutions:

Universidad del Valle de México (UVM)
Universidad Tecnológica de México (UNITEC)

These universities serve a substantial student population, contributing significantly to Laureate's ongoing operations.

Peru

In Peru, Laureate operates through three primary institutions:

CIBERTEC
Universidad Peruana de Ciencias Aplicadas (UPC)
Universidad Privada del Norte (UPN)

These Peruvian universities are central to Laureate's strategy of providing accessible higher education in Latin America.

Enrollment Trends

As of June 2021, Laureate's continuing operations in Mexico and Peru collectively enrolled approximately 349,000 students. This figure highlights the company's sustained impact on higher education accessibility in these regions.^[51]

Financial Performance

Key Financial Metrics (2021)

Laureate Education reported the following financial figures for the year 2021:

Revenue: US$1.086 billion
Operating Income: -US$137.5 million
Net Income: US$203.7 million

These figures reflect the company's financial standing post-divestitures and during its strategic refocusing.

Workforce

As of 2021, Laureate Education employed approximately 24,000 individuals across its global operations. This substantial workforce supports the delivery of educational services and administrative functions.

Historical Financials

Laureate's financial trajectory shows significant growth from its early years, with revenues escalating from $648 million in 2004 to $4.377 billion in 2017, before a period of divestiture led to a reduction in reported revenue by 2020 and 2021.^[53]^[57]

Institutional Network

Current Operations

Laureate International Universities continues to operate in Mexico and Peru, offering a range of undergraduate and graduate programs in fields such as design, business, culinary arts, hospitality, and health sciences.^[64]

Historical Affiliations

Over its history, Laureate was affiliated with a vast network of institutions across numerous countries. Many of these schools were acquired, operated, or partnered with Laureate before being divested as part of the company's strategic realignments. The table below details some of these past affiliations.

List of Previous Institutions in the Laureate Education Network
Country	School Name	Year Founded	Affiliation Start	Affiliation End
Australia	Blue Mountains International Hotel Management School	1991	2008	2020
Australia	Torrens University Australia	2014	2014	2020
Australia	THINK Education Group	2006	2013	2020
Brazil	Universidade Anhembi Morumbi	1970	2005	2021
Brazil	Universidade Potiguar	1981	2007	2021
Brazil	Faculdade dos Guararapes	2002	2007	2021
Brazil	Faculdade Internacional da Paraíba	2005	2007	2021
Brazil	Business School São Paulo	1994	2008	2021
Brazil	Faculdade de Desenvolvimento do Rio Grande do Sul	2004	2008	2021
Brazil	Instituto Brasileiro de Medicina de Reabilitação	1974	2009	2021
Brazil	Universidade Salvador	1972	2010	2021
Brazil	Centro Universitário Ritter dos Reis	1971	2010	2021
Brazil	Faculdade dos Guararapes de Recife	1990	2012	2021
Brazil	FMU Education Group	1968	2014	2021
Brazil	Faculdade Porto-Alegrense	2008	2014	2021
Brazil	Centro Universitário do Norte	1994	2008	2019
Chile	Universidad de Las Américas	1988	2000	2020
Chile	Instituto Profesional AIEP	1960	2003	2020
Chile	Universidad Andrés Bello	1989	2003	2020
Chile	IEDE Escuela de Negocios	1994	2006	2020
Chile	Instituto Profesional Escuela Moderna de Música	1940	2008	2020
Chile	Universidad Viña del Mar	1988	2009	2020
China	Blue Mountains International Hotel Management School—Suzhou	2004	2008	2018
China	Hunan International Economics University	1997	2009	2018
China	Les Roches Jin Jiang International Hotel Management College	2004	2004	2016
Costa Rica	Universidad Americana	1998	2008	2020
Costa Rica	Universidad Latina de Costa Rica	1989	2008	2020
Cyprus	European University Cyprus	1961	2005	2018
France	École Supérieure du Commerce Extérieur	1968	2001	2016
France	Institut Français de Gestion	1956	2004	2016
France	École Centrale d'Électronique	1919	2004	2016
France	European Business School	1967	2013	2016
France	Centre d'Etudes Politiques et de la Communication	1899	2013	2016
Germany	Business and Information Technology School	2000	2007	2018
Germany	BTK University of Applied Science	2006	2011	2018
Germany	htk Academy of Design	1987	2011	2018
Germany	btk Academy of Design	2000	2011	2018
Honduras	Universidad Tecnológica Centroamericana	1987	2005	2021
India	Pearl Academy	1993	2011	2019
India	University of Petroleum and Energy Studies	2003	2013	2019
India	University of Technology and Management	2011	2013	2019
Italy	Nuova Accademia di Belle Arti Milano	1980	2009	2018
Jordan	Royal Academy of Culinary Arts	2007	2008	2016
Malaysia	INTI Education Group	1986	2008	2020
Mexico	Universidad del Desarrollo Profesional	2003	2007	2013
Morocco	Université Internationale de Casablanca	2010	2010	2018
New Zealand	Media Design School	1998	2011	2020
Panama	Universidad Interamericana de Panamá	1994	2003	2019
Portugal	Universidade Europeia	1962	2011	2019
Portugal	IADE-U—Instituto de Arte, Design e Empresa—Universitário	1969	2015	2019
Portugal	Instituto Português de Administração de Marketing de Porto	1984	2015	2019
Portugal	Instituto Português de Administração de Marketing de Lisboa	1987	2015	2019
Portugal	Instituto Português de Administração de Marketing de Aveiro	1989	2015	2019
Portugal	Ensicorporate	1986	2015	2019
Saudi Arabia	Riyadh Polytechnic Institute	2010	2010	2019
Saudi Arabia	The Higher Institute for Water and Power Technologies	2011	2011	2019
Saudi Arabia	The Higher Institute for Paper and Industrial Technologies	2013	2013	2019
Saudi Arabia	Laureate Riyadh Tourism and Hospitality College of Excellence	2013	2013	2019
Saudi Arabia	Laureate Jeddah College of Excellence	2013	2013	2019
Saudi Arabia	Laureate Mecca Female College of Excellence	2013	2013	2019
Saudi Arabia	Laureate Al-Kharj Female College of Excellence	2013	2013	2019
Saudi Arabia	Laureate Medina Tourism and Hospitality College of Excellence	2014	2014	2019
Saudi Arabia	Laureate Al-Nammas Female College of Excellence	2015	2015	2019
Saudi Arabia	Laureate Buraydah Female College of Excellence	2015	2015	2019
Saudi Arabia	Laureate Wadi Al-Dawaser Female College of Excellence	2014	2014	2019
Spain	Universidad Europea de Madrid	1995	1999	2019
Spain	Universidad Europea de Canarias	2010	2010	2019
Spain	Universidad Europea de Valencia	2012	2012	2019
Spain	Les Roches International School of Hotel Management Marbella	1995	2002	2016
South Africa	Monash South Africa	2001	2013	2019
Switzerland	Les Roches International School of Hotel Management	1954	2000	2016
Switzerland	Glion Institute of Higher Education	1962	2002	2016
Switzerland	Les Roches Gruyère University of Applied Sciences	2008	2008	2016
Thailand	Stamford International University	1995	2011	2018
Turkey	Istanbul Bilgi University	1996	2006	2019
United Kingdom	Laureate Online Education B.V. (University of Liverpool)	1881	2004	2018
United Kingdom	Laureate Online Education B.V. (University of Roehampton)	2004	2012	2017
United States	Walden University	1970	2001	2021
United States	NewSchool of Architecture and Design	1980	2008	2020
United States	Kendall College	1934	2008	2018
United States	Santa Fe University of Art and Design	1859	2009	2018
United States	University of St. Augustine for Health Sciences	1979	2013	2018

References

Source Citations

The information presented on this page is derived from publicly available data and has been structured for educational purposes. The following references were consulted:

Teacher's Corner

Edit and Print this course in the Wiki2Web Teacher Studio

Edit and Print Materials from this study in the wiki2web studio

Click here to open the "Laureate Education" Wiki2Web Studio curriculum kit

Use the free Wiki2web Studio to generate printable flashcards, worksheets, exams, and export your materials as a web page or an interactive game.

True or False?

Test Your Knowledge!

Gamer's Corner

Are you ready for the Wiki2Web Clarity Challenge?

Learn about laureate_education while playing the wiki2web Clarity Challenge game.

Unlock the mystery image and prove your knowledge by earning trophies. This simple game is addictively fun and is a great way to learn!

Play now

Explore More Topics

Discover other topics to study!

early muslim conquests

2005 western southern financial group masters– singles

drought

alexandre de laborde

bucharest

References

A full list of references for this article are available at the Laureate Education Wikipedia page

Feedback & Support

To report an issue with this page, or to find out ways to support the mission, please click here.

Disclaimer

Important Notice

This page was generated by an Artificial Intelligence and is intended for informational and educational purposes only. The content is based on a snapshot of publicly available data from Wikipedia and may not be entirely accurate, complete, or up-to-date.

This is not professional advice. The information provided on this website is not a substitute for professional financial, business, or educational consultation. Always refer to official documentation and consult with qualified professionals for specific needs.

The creators of this page are not responsible for any errors or omissions, or for any actions taken based on the information provided herein.

Global Academia

💡 Dive in with Flashcard Learning! 💡

Laureate Education: An Overview ℹ️

🏢 Corporate Identity

📈 Market Presence

🌍 Mission and Structure

Corporate History: A Transformative Journey ⏳

🌱 Genesis (1998-2009)

🚀 Expansion and Influence (2010-2017)

📉 Restructuring and Divestiture (2017-2021)

Global Operations 🌐

🇲🇽 Mexico

🇵🇪 Peru

📊 Enrollment Trends

Financial Performance 💰

📊 Key Financial Metrics (2021)

👥 Workforce

📜 Historical Financials

Institutional Network 📚

🏛️ Current Operations

➡️ Historical Affiliations

References 🔗

📜 Source Citations

Teacher's Corner 🧑‍🏫

Edit and Print this course in the Wiki2Web Teacher Studio

True or False? 🤔

❓ Test Your Knowledge! ❓

Gamer's Corner 🎮

Are you ready for the Wiki2Web Clarity Challenge?

Explore More Topics

📜 Discover other topics to study!

References

📜 References

Feedback & Support 👍

To report an issue with this page, or to find out ways to support the mission, please click here.

Disclaimer ⚠️

📜 Important Notice

Dive in with Flashcard Learning!

Laureate Education: An Overview

Corporate Identity

Market Presence

Mission and Structure

Corporate History: A Transformative Journey

Genesis (1998-2009)

Expansion and Influence (2010-2017)

Restructuring and Divestiture (2017-2021)

Global Operations

Mexico

Peru

Enrollment Trends

Financial Performance

Key Financial Metrics (2021)

Workforce

Historical Financials

Institutional Network

Current Operations

Historical Affiliations

References

Source Citations

Teacher's Corner

True or False?

Test Your Knowledge!

Gamer's Corner

Discover other topics to study!

References

Feedback & Support

Disclaimer

Important Notice