Inside Higher Ed: Another For-Profit Power to Go Private
Laureate Education, Inc. plans to become the latest publicly traded for-profit provider of higher education to enter the potentially friendlier confines of the private markets.
The Baltimore-based company, which operates the online-only Walden University in the United States but has a large and expanding international operation, announced Sunday that its board had agreed to sell to an investor group that is led by its chairman and chief executive officer, Douglas L. Becker, and includes some of the country’s major private equity firms.
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