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Total Categories: 6
Laureate Education, Inc. was founded in the year 2000 by Douglas L. Becker.
Answer: False
According to the source material, Laureate Education was founded in 1998 by Douglas L. Becker, not in 2000.
Sylvan International Universities was the original name of the company prior to its rebranding as Laureate Education.
Answer: True
Laureate Education was originally established in 1998 under the name Sylvan International Universities.
The first international acquisition made by Sylvan International Universities was in Brazil in 1999.
Answer: False
The first international acquisition by Sylvan International Universities was Spain's Universidad Europea de Madrid in 1999.
By 2001, Laureate's portfolio included a significant stake in the University of Pennsylvania.
Answer: False
By 2001, the company's portfolio included a 41% ownership stake in Walden University, among other institutions.
In 2004, Laureate Education reported revenue of $648 million and had 130,000 students enrolled.
Answer: True
In 2004, Laureate Education reported revenue of $648 million and a total enrollment of 130,000 students.
What was Laureate Education's original corporate designation upon its founding in 1998?
Answer: Sylvan International Universities
Laureate Education was originally established in 1998 under the corporate designation Sylvan International Universities.
By 2001, Laureate's portfolio included a significant stake in which United States university?
Answer: Walden University
By 2001, the company's portfolio included a 41% ownership stake in Walden University.
In what year did Sylvan International Universities officially change its name to Laureate Education?
Answer: 2004
The company changed its name to Laureate Education in May 2004.
Who is identified as the founder of Laureate Education?
Answer: Douglas L. Becker
Douglas L. Becker is identified as the founder of Laureate Education.
The International Finance Corporation invested $150 million in Laureate in 2013 to support expansion in developed markets.
Answer: False
In January 2013, the International Finance Corporation invested $150 million in Laureate to help expand access to higher education in emerging markets.
In 2014, Laureate reported revenue of approximately $4 billion and operated 75 schools across 30 countries.
Answer: True
In 2014, Laureate reported revenue of approximately $4 billion and operated 75 schools in 30 countries.
What was the stated purpose of the International Finance Corporation's $150 million investment in Laureate in 2013?
Answer: To help expand access to higher education in emerging markets.
The International Finance Corporation's $150 million investment in Laureate in 2013 was intended to facilitate the expansion of access to higher education in emerging markets.
In 2014, Laureate reported revenue of approximately $4 billion and operated how many educational institutions?
Answer: 75
In 2014, Laureate operated 75 schools.
What was Laureate Education's reported total student enrollment in 2013?
Answer: 800,000 students
In 2013, Laureate Education reported a total enrollment of 800,000 students.
Laureate Education, Inc. is primarily recognized for its operations within the K-12 education sector.
Answer: False
The provided information indicates Laureate Education, Inc. operates primarily within the higher education sector and holds Benefit Corporation status, rather than being primarily known for K-12 operations.
The ticker symbol for Laureate Education's Class A shares traded on the Nasdaq is LAUR.
Answer: True
Laureate Education, Inc. is traded on the Nasdaq under the ticker symbol LAUR for its Class A shares.
In 2021, Laureate Education reported a positive operating income of US$137.5 million.
Answer: False
The financial records for 2021 indicate that Laureate Education reported a negative operating income of -US$137.5 million.
Bill Clinton served as the honorary chancellor of Laureate Education for over a decade, starting in 2005.
Answer: False
Former U.S. President Bill Clinton served as the honorary chancellor of Laureate Education from 2010 until early April 2015.
Robert B. Zoellick, former president of the World Bank, was appointed to Laureate's board of directors in December 2013.
Answer: True
In December 2013, Robert B. Zoellick, former president of the World Bank, was among the notable individuals appointed to Laureate's board of directors.
Ernesto Zedillo, former president of Mexico, succeeded Bill Clinton as the CEO of Laureate Education.
Answer: False
Ernesto Zedillo, the former president of Mexico, took on the role of Presidential Counselor at Laureate in 2015, succeeding U.S. President Clinton in a high-profile advisory capacity, not as CEO.
Moody's rated Laureate Education's corporate bonds as low-risk in July 2015.
Answer: False
In July 2015, Moody's assessed Laureate Education's corporate bonds as high-risk and described the company as highly leveraged.
Laureate Education filed for an IPO in October 2015 primarily to raise capital for international expansion.
Answer: False
Laureate Education filed for an initial public offering in October 2015, disclosing significant debt and stating that the funds raised would be used to reduce its debt load, not primarily for international expansion.
Laureate's IPO on the NASDAQ in February 2017 resulted in the shares closing the first day at $14 per share.
Answer: False
Laureate's IPO on the NASDAQ in February 2017 began trading at $14 per share but closed its first day at $13.25 per share.
Laureate Education, Inc. is publicly traded on the New York Stock Exchange (NYSE).
Answer: False
Laureate Education, Inc. is traded on the Nasdaq, not the New York Stock Exchange (NYSE).
Which stock exchange lists Laureate Education's Class A shares, and what is its associated ticker symbol?
Answer: Nasdaq, LAUR
Laureate Education, Inc. is traded on the Nasdaq under the ticker symbol LAUR for its Class A shares.
In which city and state is Laureate Education, Inc. headquartered?
Answer: Miami, Florida
Laureate Education, Inc. maintains its headquarters in Miami, Florida, United States.
What was Laureate Education's reported operating income for the fiscal year 2021?
Answer: -US$137.5 million
In 2021, Laureate Education reported an operating income of -US$137.5 million.
What was Laureate Education's reported revenue for the fiscal year 2021?
Answer: US$1.086 billion
Laureate Education reported a revenue of US$1.086 billion for the fiscal year 2021.
Who held the position of honorary chancellor for Laureate Education between 2010 and early 2015?
Answer: Bill Clinton
Former U.S. President Bill Clinton served as the honorary chancellor of Laureate Education from 2010 until early April 2015.
What was the approximate financial compensation Bill Clinton reportedly received for his role as honorary chancellor?
Answer: $16.5 million
Bill Clinton's publicly disclosed tax returns indicated compensation approaching $16.5 million for his engagement with Laureate.
Which former World Bank president was appointed to Laureate's board of directors in December 2013?
Answer: Robert B. Zoellick
Robert B. Zoellick, former president of the World Bank, was appointed to Laureate's board of directors in December 2013.
Who assumed the role of Presidential Counselor at Laureate in 2015, succeeding Bill Clinton in a prominent advisory capacity?
Answer: Ernesto Zedillo
Ernesto Zedillo, the former president of Mexico, assumed the role of Presidential Counselor at Laureate in 2015.
How did Moody's assess Laureate Education's financial standing in July 2015?
Answer: Highly leveraged and high-risk.
In July 2015, Moody's rated Laureate Education's corporate bonds as high-risk and characterized the company as highly leveraged.
Approximately how much capital did Laureate's IPO on the NASDAQ in February 2017 raise from the initial offering?
Answer: $490 million
Laureate's IPO on the NASDAQ in February 2017 raised $490 million from the initial offering.
Which of the following is identified as an international authority control database relevant to Laureate Education?
Answer: ISNI
ISNI (International Standard Name Identifier) is listed as an international authority control database for Laureate Education.
What was the initial trading price of Laureate's shares on the NASDAQ during its February 2017 IPO?
Answer: $14.00
Laureate's shares began trading at $14.00 on the NASDAQ during its February 2017 IPO.
In 2018, Laureate began divesting operations in South America and Africa.
Answer: False
In 2018, Laureate began divesting operations in markets including Morocco, the United States, China, Malaysia, Italy, and Cyprus, shifting its focus.
Walden University was sold to Laureate Education in September 2020 for $1.48 billion.
Answer: False
In September 2020, Laureate announced the sale of Walden University to Adtalem for $1.48 billion.
Laureate reached an agreement to sell its Brazilian operations to Ser Educacional for $765 million in late 2020.
Answer: False
In November 2020, Laureate reached a new agreement to sell its Brazilian operations to Anima Holding for $765 million, revising a prior agreement with Ser Educacional.
Following the Walden University sale, Laureate announced a $1.29 billion cash distribution to stockholders planned for August 2021.
Answer: False
Following the completion of the Walden University sale in August 2021, Laureate announced a $1.29 billion cash distribution to eligible stockholders, planned for October 2021.
Les Roches International School of Hotel Management ended its affiliation with Laureate in 2019.
Answer: False
The affiliation of Les Roches International School of Hotel Management with Laureate concluded in 2016.
Which of the following regions was *NOT* among those where Laureate commenced divesting its operations in 2018?
Answer: South America
In 2018, Laureate commenced divesting operations in various markets including Morocco, the United States, China, Malaysia, Italy, and Cyprus. South America was not listed among these divestment regions.
What was the reported sale price for Laureate's Brazilian operations to Anima Holding in November 2020?
Answer: $765 million
In November 2020, Laureate reached an agreement to sell its Brazilian operations to Anima Holding for $765 million.
Which entity was the buyer in the announced sale of Walden University in September 2020?
Answer: Adtalem
In September 2020, Laureate announced the sale of Walden University to Adtalem.
What significant financial action did Laureate announce in September 2021 following the completion of the Walden University sale?
Answer: A $1.29 billion cash distribution to stockholders.
Subsequent to the completion of the Walden University sale in August 2021, Laureate announced a $1.29 billion cash distribution to eligible stockholders, scheduled for October 2021.
Which Chilean institutions were previously affiliated with Laureate Education, concluding their affiliations in 2020?
Answer: Universidad de Las Américas and Universidad Andrés Bello
Chilean institutions previously affiliated with Laureate Education included Universidad de Las Américas and Universidad Andrés Bello; their affiliations concluded in 2020.
Laureate Education, Inc. owns and operates campuses primarily in Europe and Asia.
Answer: False
The current operational focus of Laureate Education, Inc. is primarily on campuses located in Mexico and Peru.
As of June 2021, Laureate's continuing operations in Mexico and Peru had a combined enrollment of over 1 million students.
Answer: False
As of June 2021, Laureate's continuing operations in Mexico and Peru collectively enrolled 349,000 students.
The universities currently part of Laureate International Universities in Mexico are Universidad del Valle de México (UVM) and Universidad Tecnológico de México (UNITEC).
Answer: True
The universities in Mexico that are part of Laureate International Universities are Universidad del Valle de México (UVM) and Universidad Tecnológico de México (UNITEC).
As of June 2021, Laureate's continuing operations were primarily concentrated in which two countries?
Answer: Mexico and Peru
As of June 2021, Laureate Education focused its continuing operations in Mexico and Peru.
Which academic disciplines are taught by the remaining colleges within Laureate International Universities?
Answer: Design, Business, and Culinary Arts
The remaining colleges within Laureate International Universities offer instruction in disciplines such as design, business, culinary and hospitality, and health sciences.
Laureate Education's primary business operations involve the administration of which university system?
Answer: Laureate International Universities
Laureate Education's primary business operations involve the administration of Laureate International Universities.
Laureate Education, Inc. operates exclusively as a for-profit entity without any social impact commitments.
Answer: False
This statement is inaccurate, as Laureate Education is recognized as a Benefit Corporation, signifying a commitment to social and environmental impact alongside profit.
Laureate Education became the world's largest certified benefit corporation at the end of 2015.
Answer: True
Laureate Education achieved certification as a Benefit Corporation at the end of 2015, and at that time, it was recognized as the largest such corporation globally.
Allegations of corruption against Laureate Education in Brazil involved accusations of teachers being assigned to teach subjects outside their expertise.
Answer: True
In May 2019, reports emerged detailing allegations of corruption against Laureate in Brazil, including claims of forged documents and the assignment of teachers to subjects outside their qualifications.
Beyond its primary focus on higher education, what designation signifies Laureate Education's commitment to social and environmental impact?
Answer: Certified B Corporation
Laureate Education is recognized as a Benefit Corporation, a designation signifying a commitment to social and environmental impact alongside profit.
In which year did Laureate Education achieve certification as a benefit corporation?
Answer: 2015
Laureate Education achieved certification as a benefit corporation at the conclusion of 2015.