0001104659-21-132534.txt : 20211102 0001104659-21-132534.hdr.sgml : 20211102 20211101213534 ACCESSION NUMBER: 0001104659-21-132534 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: SC Partners III, L.P. CENTRAL INDEX KEY: 0001611317 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38002 FILM NUMBER: 211369031 BUSINESS ADDRESS: STREET 1: C/O STERLING PARTNERS STREET 2: 401 NORTH MICHIGAN, SUITE 3300 CITY: CHICAGO STATE: IL ZIP: 60611 BUSINESS PHONE: 312 465 7000 MAIL ADDRESS: STREET 1: C/O STERLING PARTNERS STREET 2: 401 NORTH MICHIGAN, SUITE 3300 CITY: CHICAGO STATE: IL ZIP: 60611 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sterling Capital Partners II L P CENTRAL INDEX KEY: 0001321135 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38002 FILM NUMBER: 211369035 BUSINESS ADDRESS: STREET 1: 1033 SKOKIE BLVD STREET 2: SUITE 600 CITY: NORTHBROOK STATE: IL ZIP: 60062 BUSINESS PHONE: 847-480-4000 MAIL ADDRESS: STREET 1: 1033 SKOKIE BLVD STREET 2: SUITE 600 CITY: NORTHBROOK STATE: IL ZIP: 60062 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: STERLING CAPITAL PARTNERS III LP CENTRAL INDEX KEY: 0001404646 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38002 FILM NUMBER: 211369032 BUSINESS ADDRESS: STREET 1: C/O STERLING PARTNERS STREET 2: 1033 SKOKIE BLVD, SUITE 600 CITY: NORTHBROOK STATE: IL ZIP: 60062 BUSINESS PHONE: 847-480-4000 MAIL ADDRESS: STREET 1: C/O STERLING PARTNERS STREET 2: 1033 SKOKIE BLVD, SUITE 600 CITY: NORTHBROOK STATE: IL ZIP: 60062 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SC Partners II, L.P. CENTRAL INDEX KEY: 0001696604 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38002 FILM NUMBER: 211369034 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 Capital Partners III, LLC CENTRAL INDEX KEY: 0001611325 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38002 FILM NUMBER: 211369030 BUSINESS ADDRESS: STREET 1: C/O STERLING PARTNERS STREET 2: 401 NORTH MICHIGAN, SUITE 3300 CITY: CHICAGO STATE: IL ZIP: 60611 BUSINESS PHONE: 312 465 7000 MAIL ADDRESS: STREET 1: C/O STERLING PARTNERS STREET 2: 401 NORTH MICHIGAN, SUITE 3300 CITY: CHICAGO STATE: IL ZIP: 60611 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sterling Capital Partners II, LLC CENTRAL INDEX KEY: 0001696565 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38002 FILM NUMBER: 211369033 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 tm2131608d4_4seq1.xml OWNERSHIP DOCUMENT X0306 4 2021-10-28 0 0000912766 LAUREATE EDUCATION, INC. LAUR 0001321135 Sterling Capital Partners II L P C/O STERLING PARTNERS 401 N. MICHIGAN AVE., SUITE 3300 CHICAGO IL 60611 0 0 1 0 0001696604 SC Partners II, L.P. C/O STERLING PARTNERS, 401 N. MICHIGAN SUITE 3300 CHICAGO IL 60611 0 0 1 0 0001696565 Sterling Capital Partners II, LLC C/O STERLING PARTNERS, 401 N. MICHIGAN SUITE 3300 CHICAGO IL 60611 0 0 1 0 0001404646 STERLING CAPITAL PARTNERS III LP C/O STERLING PARTNERS 1033 SKOKIE BLVD, SUITE 600 NORTHBROOK IL 60062 0 0 1 0 0001611317 SC Partners III, L.P. C/O STERLING PARTNERS 401 NORTH MICHIGAN, SUITE 3300 CHICAGO IL 60611 0 0 1 0 0001611325 Sterling Capital Partners III, LLC C/O STERLING PARTNERS 401 NORTH MICHIGAN, SUITE 3300 CHICAGO IL 60611 0 0 1 0 Class A Common Stock 2021-10-28 4 C 0 729366 A 913707 D Class A Common Stock 2021-10-28 4 C 0 1788082 A 2235103 D Class B Common Stock 2021-10-28 4 C 0 729366 0.00 D Class A Common Stock 729366 0 I See footnotes Class B Common Stock 2021-10-28 4 C 0 1788082 0.00 D Class A Common Stock 1788082 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 Capital Partners II, L.P. ("SCP II LP") 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. SC Partners II, L.P. ("SC Partners II") is the sole general partner of SCP II LP, and Sterling Capital Partners II, LLC ("SCP II LLC") is the sole general partner of SC Partners II. Steven M. Taslitz, Douglas L. Becker and R. Christopher Hoehn-Saric are the managers of SP II LLC, but, as memorialized in a memorandum of understanding, Mr. Becker does not share voting or investment power over these shares. Sterling Capital Partners III, L.P. ("SCP III LP") 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. SC Partners III, L.P. ("SC Partners III") is the sole general partner of SCP III LP, and Sterling Capital Partners III, LLC ("SCP III LLC") is the sole general partner of SC Partners III. Messrs. Becker, Taslitz and Hoehn-Saric are the managers of SP III LLC, but, as memorialized in a memorandum of understanding, Mr. Becker does not share voting or investment power over these shares. 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, SP-L Parent, LLC, SP-L Management III, LLC, SP-L Management IV, LLC, SP-L Management V, LLC, Sterling Laureate, LP, Sterling Laureate Executives Fund, LP, Sterling Laureate Rollover, LP, SP-L Affiliate, LLC and Messrs. Taslitz, Becker and Hoehn-Saric have made separate Form 4 filings; provided, that, for purposes of Footnotes 5 and 6 above, each of such persons should be considered a Reporting Person. /s/ M. Avi Epstein, attorney-in-fact for Sterling Capital Partners II, L.P. 2021-11-01 /s/ M. Avi Epstein, attorney-in-fact for SC Partners II, L.P. 2021-11-01 /s/ M. Avi Epstein, attorney-in-fact for Sterling Capital Partners II, LLC 2021-11-01 /s/ M. Avi Epstein, attorney-in-fact for Sterling Capital Partners III, L.P. 2021-11-01 /s/ M. Avi Epstein, attorney-in-fact for SC Partners III, L.P. 2021-11-01 /s/ M. Avi Epstein, attorney-in-fact for Sterling Capital Partners III, LLC 2021-11-01