0001104659-21-132531.txt : 20211102 0001104659-21-132531.hdr.sgml : 20211102 20211101212522 ACCESSION NUMBER: 0001104659-21-132531 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211028 FILED AS OF DATE: 20211101 DATE AS OF CHANGE: 20211101 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: 211369002 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: 211369003 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: 211368998 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: 211369000 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: 211368999 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: 211369004 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: 211369001 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: 211368997 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 tm2131608-3_4seq1.xml OWNERSHIP DOCUMENT X0306 4 2021-10-28 0 0000912766 LAUREATE EDUCATION, INC. LAUR 0001696353 SP-L Affiliate, LLC C/O STERLING PARTNERS 401 N. MICHIGAN AVE., SUITE 3300 CHICAGO IL 60611 0 0 1 0 0001696345 SP-L Parent, LLC C/O STERLING PARTNERS, 401 N. MICHIGAN SUITE 3300 CHICAGO IL 60611 0 0 1 0 0001696349 SP-L Management III, LLC C/O STERLING PARTNERS, 401 N. MICHIGAN SUITE 3300 CHICAGO IL 60611 0 0 1 0 0001696610 Sterling Laureate, LP C/O STERLING PARTNERS, 401 N. MICHIGAN SUITE 3300 CHICAGO IL 60611 0 0 1 0 0001696348 SP-L Management IV, LLC C/O STERLING PARTNERS, 401 N. MICHIGAN SUITE 3300 CHICAGO IL 60611 0 0 1 0 0001696612 Sterling Laureate Executives Fund, LP C/O STERLING PARTNERS, 401 N. MICHIGAN SUITE 3300 CHICAGO IL 60611 0 0 1 0 0001696347 SP-L Management V, LLC C/O STERLING PARTNERS, 401 N. MICHIGAN SUITE 3300 CHICAGO IL 60611 0 0 1 0 0001696611 Sterling Laureate Rollover, LP C/O STERLING PARTNERS, 401 N. MICHIGAN SUITE 3300 CHICAGO IL 60611 0 0 1 0 Class A Common Stock 2021-10-28 4 C 0 704672 A 963753 D Class A Common Stock 2021-10-28 4 C 0 418421 A 523026 D Class A Common Stock 2021-10-28 4 C 0 204497 A 255621 D Class A Common Stock 2021-10-28 4 C 0 1761750 A 2202188 D Class B Common Stock 2021-10-28 4 C 0 704672 0.00 D Class A Common Stock 704672 331649 I See footnotes Class B Common Stock 2021-10-28 4 C 0 418421 0.00 D Class A Common Stock 418421 0 I See footnotes Class B Common Stock 2021-10-28 4 C 0 204497 0.00 D Class A Common Stock 204497 0 I See footnotes Class B Common Stock 2021-10-28 4 C 0 1761750 0.00 D Class A Common Stock 1761750 0 I See footnotes Upon distribution of shares of Class B common stock ("Class B Common Stock") of Laureate Education, Inc. (the "Issuer"), previously indirectly beneficially owned (for purposes of Section 16) by certain investors through ownership of limited partnership interests in Wengen Alberta, Limited Partnership ("Wengen"), upon redemption of such limited partnership interests, 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 previously indirectly beneficially owned shares of Class B Common Stock by virtue of its prior 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 previously indirectly beneficially owned shares of Class B Common Stock by virtue of its prior 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 previously indirectly beneficially owned shares of Class B Common Stock by virtue of its prior 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 have designated representatives who serve on the board of directors of Wengen GP. 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. Because no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, Sterling Capital Partners II, L.P., Sterling Capital Partners III, L.P., SC Partners II, L.P., SC Partners III, L.P., Sterling Capital Partners II, LLC, Sterling Capital Partners III, LLC and Messrs. Taslitz, Becker and Hoehn-Saric have made separate Form 4 filings; provided, that, for purposes of Footnotes 7 and 8 above, each of such persons should be considered a Reporting Person. /s/ M. Avi Epstein, attorney-in-fact for SP-L Parent, LLC 2021-11-01 /s/ M. Avi Epstein, attorney-in-fact for SP-L Management III, LLC 2021-11-01 /s/ M. Avi Epstein, attorney-in-fact for Sterling Laureate, LP 2021-11-01 /s/ M. Avi Epstein, attorney-in-fact for SP-L Management IV, LLC 2021-11-01 /s/ M. Avi Epstein, attorney-in-fact for Sterling Laureate Executives Fund, LP 2021-11-01 /s/ M. Avi Epstein, attorney-in-fact for SP-L Management V, LLC 2021-11-01 /s/ M. Avi Epstein, attorney-in-fact for Sterling Laureate Rollover, LP 2021-11-01 /s/ M. Avi Epstein, attorney-in-fact for SP-L Affiliate, LLC 2021-11-01