0001104659-21-044208.txt : 20210330
0001104659-21-044208.hdr.sgml : 20210330
20210330212949
ACCESSION NUMBER: 0001104659-21-044208
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210326
FILED AS OF DATE: 20210330
DATE AS OF CHANGE: 20210330
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SP-L Management III, LLC
CENTRAL INDEX KEY: 0001696349
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38002
FILM NUMBER: 21789504
BUSINESS ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
BUSINESS PHONE: 3124657000
MAIL ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SP-L Parent, LLC
CENTRAL INDEX KEY: 0001696345
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38002
FILM NUMBER: 21789505
BUSINESS ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
BUSINESS PHONE: 3124657000
MAIL ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SP-L Management V, LLC
CENTRAL INDEX KEY: 0001696347
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38002
FILM NUMBER: 21789500
BUSINESS ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
BUSINESS PHONE: 3124657000
MAIL ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SP-L Management IV, LLC
CENTRAL INDEX KEY: 0001696348
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38002
FILM NUMBER: 21789502
BUSINESS ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
BUSINESS PHONE: 3124657000
MAIL ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sterling Laureate Executives Fund, LP
CENTRAL INDEX KEY: 0001696612
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38002
FILM NUMBER: 21789501
BUSINESS ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
BUSINESS PHONE: 3124657000
MAIL ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SP-L Affiliate, LLC
CENTRAL INDEX KEY: 0001696353
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38002
FILM NUMBER: 21789506
BUSINESS ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
BUSINESS PHONE: 3124657000
MAIL ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sterling Laureate, LP
CENTRAL INDEX KEY: 0001696610
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38002
FILM NUMBER: 21789503
BUSINESS ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
BUSINESS PHONE: 3124657000
MAIL ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sterling Laureate Rollover, LP
CENTRAL INDEX KEY: 0001696611
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38002
FILM NUMBER: 21789499
BUSINESS ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
BUSINESS PHONE: 3124657000
MAIL ADDRESS:
STREET 1: C/O STERLING PARTNERS, 401 N. MICHIGAN
STREET 2: SUITE 3300
CITY: CHICAGO
STATE: IL
ZIP: 60611
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LAUREATE EDUCATION, INC.
CENTRAL INDEX KEY: 0000912766
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200]
IRS NUMBER: 521492296
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 650 S. EXETER STREET
CITY: BALTIMORE
STATE: MD
ZIP: 21202
BUSINESS PHONE: 4108436100
MAIL ADDRESS:
STREET 1: 650 S. EXETER STREET
CITY: BALTIMORE
STATE: MD
ZIP: 21202
FORMER COMPANY:
FORMER CONFORMED NAME: SYLVAN LEARNING SYSTEMS INC
DATE OF NAME CHANGE: 19930929
4
1
tm2111422-5_4seq1.xml
OWNERSHIP DOCUMENT
X0306
4
2021-03-26
0
0000912766
LAUREATE EDUCATION, INC.
LAUR
0001696353
SP-L Affiliate, LLC
C/O STERLING PARTNERS
401 N. MICHIGAN AVE., SUITE 3300
CHICAGO
IL
60611
1
0
1
0
0001696345
SP-L Parent, LLC
C/O STERLING PARTNERS, 401 N. MICHIGAN
SUITE 3300
CHICAGO
IL
60611
1
0
1
0
0001696349
SP-L Management III, LLC
C/O STERLING PARTNERS, 401 N. MICHIGAN
SUITE 3300
CHICAGO
IL
60611
1
0
1
0
0001696610
Sterling Laureate, LP
C/O STERLING PARTNERS, 401 N. MICHIGAN
SUITE 3300
CHICAGO
IL
60611
1
0
1
0
0001696348
SP-L Management IV, LLC
C/O STERLING PARTNERS, 401 N. MICHIGAN
SUITE 3300
CHICAGO
IL
60611
1
0
1
0
0001696612
Sterling Laureate Executives Fund, LP
C/O STERLING PARTNERS, 401 N. MICHIGAN
SUITE 3300
CHICAGO
IL
60611
1
0
1
0
0001696347
SP-L Management V, LLC
C/O STERLING PARTNERS, 401 N. MICHIGAN
SUITE 3300
CHICAGO
IL
60611
1
0
1
0
0001696611
Sterling Laureate Rollover, LP
C/O STERLING PARTNERS, 401 N. MICHIGAN
SUITE 3300
CHICAGO
IL
60611
1
0
1
0
Class A Common Stock
2021-03-26
4
C
0
259081
A
259081
I
See footnotes.
Class A Common Stock
2021-03-26
4
C
0
104605
A
104605
I
See footnotes.
Class A Common Stock
2021-03-26
4
C
0
51124
A
51124
I
See footnotes.
Class A Common Stock
2021-03-26
4
C
0
440438
A
440438
I
See footnotes.
Class B Common Stock
2021-03-26
4
C
0
259081
0.00
D
Class A Common Stock
259081
1036324
I
See footnotes.
Class B Common Stock
2021-03-26
4
C
0
104605
0.00
D
Class A Common Stock
104605
418423
I
See footnotes.
Class B Common Stock
2021-03-26
4
C
0
51124
0.00
D
Class A Common Stock
51124
204498
I
See footnotes.
Class B Common Stock
2021-03-26
4
C
0
440438
0.00
D
Class A Common Stock
440438
1761755
I
See footnotes.
Upon distribution of shares of Class B common stock ("Class B Common Stock") of Laureate Education, Inc. (the "Issuer") by Wengen Alberta, Limited Partnership ("Wengen") to its investors pro rata based on their respective ownership interest in Wengen, such shares of Class B Common Stock automatically converted into shares of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis.
Sterling Laureate, LP ("Sterling Laureate") directly holds shares of Class A Common Stock and indirectly beneficially owns shares of Class B Common Stock by virtue of its limited partnership interests in Wengen. SP-L Management III, LLC ("SP-L Management III") is the general partner Sterling Laureate, and SP-L Parent, LLC ("SP-L Parent") is the general partner of SP-L Management III. Steven M. Taslitz, Douglas L. Becker and R. Christopher Hoehn-Saric are the managers of SP-L Parent, but, as memorialized in a memorandum of understanding, Mr. Becker does not share voting or investment power over these shares.
Sterling Laureate Executives Fund, LP ("Sterling Executives Fund") directly holds shares of Class A Common Stock and indirectly beneficially owns shares of Class B Common Stock by virtue of its limited partnership interests in Wengen. SP-L Management IV, LLC ("SP-L Management IV") is the general partner of Sterling Executives Fund, and SP-L Parent is the general partner of SP-L Management IV. Messrs. Becker, Taslitz and Hoehn-Saric are the managers of SP-L Parent, but, as memorialized in a memorandum of understanding, Mr. Becker does not share voting or investment power over these shares.
Sterling Laureate Rollover, LP ("Sterling Rollover") directly holds shares of Class A Common Stock and indirectly beneficially owns shares of Class B Common Stock by virtue of its limited partnership interests in Wengen. SP-L Management V, LLC ("SP-L Management V") is the general partner of Sterling Rollover, and SP-L Parent is the general partner of SP-L Management V. Messrs. Becker, Taslitz and Hoehn-Saric are the managers of SP-L Parent, but, as memorialized in a memorandum of understanding, Mr. Becker does not share voting or investment power over these shares.
SP-L Affiliate, LLC ("SP-L Affiliate") directly holds shares of Class A Common Stock and indirectly beneficially owns shares of Class B Common Stock by virtue of its limited partnership interests in Wengen. Messrs. Becker, Taslitz and Hoehn-Saric are the managers of SP-L Affiliate.
Each share of Class B Common Stock is convertible into one share of Class A Common Stock upon the election of the holder or upon transfer, subject to the terms of the Issuer's Amended and Restated Certificate of Incorporation.
Represents shares of Class B Common Stock held directly by Wengen, whose general partner is Wengen Investments Limited ("Wengen GP"). Certain investors, including, but not limited to, certain investment funds and other persons affiliated with or managed by Sterling Fund Management, LLC (including the Reporting Persons), Kohlberg Kravis Roberts & Co. L.P., Cohen Private Ventures, LLC, Bregal Investments, Inc. and Snow Phipps Group, LLC (collectively, the "Wengen Investors") have interests in the Issuer through Wengen. Certain Wengen Investors (including the Reporting Persons) have designated representatives who serve on the board of directors of Wengen GP.
Mr. Taslitz serves as a designated representative of the Reporting Persons on the board of directors of the Issuer pursuant to a securityholders agreement.
Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. This filing shall not be deemed an admission that any Reporting Person is subject to Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership by such Reporting Person of any securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise.
/s/ M. Avi Epstein, attorney-in-fact for SP-L Parent, LLC
2021-03-30
/s/ M. Avi Epstein, attorney-in-fact for SP-L Management III, LLC
2021-03-30
/s/ M. Avi Epstein, attorney-in-fact for Sterling Laureate, LP
2021-03-30
/s/ M. Avi Epstein, attorney-in-fact for SP-L Management IV, LLC
2021-03-30
/s/ M. Avi Epstein, attorney-in-fact for Sterling Laureate Executives Fund, LP
2021-03-30
/s/ M. Avi Epstein, attorney-in-fact for SP-L Management V, LLC
2021-03-30
/s/ M. Avi Epstein, attorney-in-fact for Sterling Laureate Rollover, LP
2021-03-30
/s/ M. Avi Epstein, attorney-in-fact for SP-L Affiliate, LLC
2021-03-30