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Investor group to acquire Laureate Education in $3.8bn transaction30/01/2007. Source: AltAssets. 
 An investor group has agreed to acquire Laureate Education in an all cash transaction for $60.50 per share, or an aggregate value of approximately $3.8bn. The investor group is led by Douglas L Becker, chairman and CEO of Laureate, and consists of a consortium including Kohlberg Kravis Roberts & Co., Citigroup Private Equity, S.A.C. Capital Management, SPG Partners, Bregal Investments, Caisse de dépôt et placement du Québec, Sterling Capital, Makena Capital, Torreal S.A., and Southern Cross Capital.
The $60.50 per share represents a premium of almost 20 per cent over the last 30-day average closing prices of Laureate common stock, according to a statement.
Laureate offers career-oriented undergraduate and graduate programmes through campus-based universities located in Latin America, Europe and Asia. The company also provides distance learning opportunities through online universities.
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