Related Party Transactions

3 Months Ended

Mar. 31, 2018

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

Corporate

Transactions between Laureate and Affiliates of Wengen Alberta, Limited Partnership (Wengen)

As part of the issuance and sale of shares of the Company’s Series A Preferred Stock in December 2016, KKR and Snow Phipps, affiliates of Wengen, our controlling stockholder, purchased from the Company 60 and 15 shares of Series A Preferred Stock, respectively. During the three months ended March 31, 2018, the Company paid cash dividends on the Series A Preferred Stock totaling $9,719, of which $1,822 was paid to KKR and Snow Phipps. As discussed in Note 21, Subsequent Events, all shares of Series A Preferred Stock were converted to Class A common stock on April 23, 2018.

EMEAA

Morocco

Transactions between Laureate and Noncontrolling Interest Holder of Laureate Somed Education Holding SA (Laureate Somed)

Laureate Somed is 60% owned and consolidated by Laureate and is the entity that operates Université Internationale de Casablanca, our institution in Morocco. The 40% noncontrolling interest holder of Laureate Somed has made loans to Laureate Somed, and as of March 31, 2018 and December 31, 2017, we had total related party payables of $9,294 and $8,953, respectively, to the noncontrolling interest holder of Laureate Somed for the outstanding balance on these loans plus accrued interest.

As discussed in Note 21, Subsequent Events, on April 13, 2018, the Company, along with the noncontrolling interest holder, completed the sale of Laureate Somed.