13 Facts About Laureate Education

Laureate Education, Inc is a corporation based in Miami, Florida, United States.

Laureate Education was originally created by Douglas Becker in 1998, as Sylvan International Universities, an operational division of Sylvan Learning Systems that would focus on post-secondary institutions.

Laureate Education took full control of Walden in September 2004, after purchasing remaining shares of the university for $109 million.

Laureate Education continued to expand and acquire new institutions after becoming privately owned.

Laureate Education's position included attending meetings on education issues, campus openings, and commencement ceremonies.

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Some trustees and alumni expressed concerns that partnering with for-profit education could negatively affect Thunderbird's reputation, while supporters said working with Laureate would allow Thunderbird, which was struggling financially, to maintain its independence.

In December 2013, Laureate announced the election of three independent directors: Robert B Zoellick, former World Bank president; Judith Rodin, president of the Rockefeller Foundation; and George Munoz, principal of the Munoz Investment Banking Group.

In 2015, Laureate Education named Ernesto Zedillo, the former president of Mexico, to the post of Presidential Counselor replacing US President Clinton.

Laureate Education filed for an initial public offering in October 2015.

Laureate Education was succeeded by Chief Financial Officer Eilif Serck-Hanssen.

Laureate Education continued its divestiture in 2019, including ending its relationship with Bilgi University in Istanbul, and selling University of St Augustine for Health Sciences.

Laureate Education stopped enrolling new students at the University of Liverpool and the University of Roehampton.

Laureate Education announced that it would sell its Brazilian operations to Ser Educacional for $724 million.