Baltimore-based Laureate Education to sell off South American universities, Walden University

Baltimore-based Laureate Education Inc. is selling off much of its higher education network in Latin America with the planned sale of universities in Brazil, and also is exiting the U.S. market with a sale of Walden University.



a man wearing glasses and a suit and tie: Baltimore, MD-11/14/17 - Eilif Serck-Hanssen is president and CEO of Laureate Education Inc.


© Amy Davis / Baltimore Sun/The Baltimore Sun/TNS
Baltimore, MD-11/14/17 – Eilif Serck-Hanssen is president and CEO of Laureate Education Inc.

The international higher education company said Sunday it has agreed to sell its Brazilian operations to Ser Educacional S.A., a Brazil-based network of educational institutions, in a deal valued at $724 million at the current exchange rate and share value.

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In addition, the company announced Friday it plans to sell Walden University, an online college considered a pioneer in distance learning that offers doctoral, master’s, bachelor’s and graduate certificate programs. Laureate plans to sell Walden, its only U.S. business, to Adtalem Global Education Inc. for $1.5 billion in cash.

It

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Here is What Hedge Funds Think About Laureate Education, Inc. (LAUR)

How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of capital and have to conduct due diligence while choosing their next pick. They don’t always get it right, but, on average, their stock picks historically generated strong returns after adjusting for known risk factors. With this in mind, let’s take a look at the recent hedge fund activity surrounding Laureate Education, Inc. (NASDAQ:LAUR) and determine whether hedge funds had an edge regarding this stock.

Laureate Education, Inc. (NASDAQ:LAUR) was in 31 hedge funds’ portfolios at the end of June. The all time high for this statistics is 34. LAUR investors should pay attention to an

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UPDATE 1-Shares of Brazil’s Yduqs and Ser jump in bids for Laureate Education assets

(Adds shares, analyst’s comment, background)

RIO DE JANEIRO, Sept 14 (Reuters) – Shares of Brazilian education company YDUQS Participações S.A. and Ser Educacional SA jumped on Monday after the companies offered competing bids for Laureate Education Inc’s assets in Brazil.

Yduqs, a for-profit education company formerly known as Estacio Participações, is “deepening the understanding of these assets and believes it is able to present a more attractive competing proposal” than Ser, it said in a filing on Monday.

Shares of Yduqs rose more than 6% to 29.60 reais, and Ser jumped more than 13% to 16.74 reais. Laureate’s shares rose 1.35% to $13.47.

Ser Educacional announced on Sunday it had agreed to acquire the assets of Laureate group in Brazil. The U.S.-listed company, which owns and operates campuses in about 10 countries, has 267,000 undergraduate students in Brazil, according to a report by BTG bank.

Ser Educacional’s offer values Laureate’s

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Laureate Education to Sell Walden University to Adtalem Global Education

BALTIMORE, Sept. 11, 2020 /PRNewswire/ — Laureate Education, Inc. (NASDAQ: LAUR) today announced that it has entered into a definitive agreement under which it will sell Walden University to Adtalem Global Education Inc. (NYSE: ATGE).  

Walden University is a regionally accredited higher education institution in the United States offering online doctoral, master’s, bachelor’s, and graduate certificate programs.

Adtalem Global Education is a leading workforce solutions provider and the parent organization of Chamberlain University, Ross University School of Medicine, and Ross University School of Veterinary Medicine, American University of the Caribbean School of Medicine, Association of Certified Anti-Money Laundering Specialists, Becker Professional Education, EduPristine, and OnCourse Learning.

President and Chief Executive Officer of Laureate, Eilif Serck-Hanssen, said, “Walden University was a pioneer in distance education, and today – 50 years later – it remains a leader in digital learning in higher education. We are incredibly proud of Walden’s

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