Snow Phipps Group Updates Laureate Education Stake in 13D/A Filing
Ticker: LAUR · Form: SC 13D/A · Filed: Jan 25, 2024 · CIK: 912766
| Field | Detail |
|---|---|
| Company | Laureate Education, Inc. (LAUR) |
| Form Type | SC 13D/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Pages | 10 |
| Reading Time | 11 min |
| Key Dollar Amounts | $0.004 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, institutional-investor
TL;DR
**Snow Phipps Group just updated their Laureate Education ownership, signaling continued active involvement.**
AI Summary
SPG GP, LLC, along with its affiliated Snow Phipps Group entities, filed an Amendment No. 7 to their Schedule 13D on January 25, 2024, regarding their ownership in Laureate Education, Inc. This amendment indicates a voluntary filing related to an event on January 9, 2024. While the filing doesn't detail specific transactions, it updates their reporting status as a significant shareholder. This matters to investors as it signals continued active ownership by a major institutional investor, potentially influencing future strategic decisions or market perception of Laureate Education.
Why It Matters
This filing confirms that Snow Phipps Group remains a significant stakeholder in Laureate Education, Inc., which can influence corporate governance and strategic direction.
Risk Assessment
Risk Level: low — This is an amendment to an existing filing, indicating ongoing disclosure rather than a new, unexpected event.
Analyst Insight
Investors should monitor future 13D/A filings from Snow Phipps Group for any changes in their ownership percentage or stated intentions, as these could signal strategic shifts for Laureate Education, Inc.
Key Numbers
- 005-42825 — SEC File Number (identifies the specific SEC registration for Laureate Education, Inc.)
- 518613203 — CUSIP Number (unique identifier for Laureate Education, Inc.'s Common Stock)
- January 9, 2024 — Date of Event (the specific date that triggered the requirement for this filing)
- January 25, 2024 — Filing Date (the date the SC 13D/A was officially filed with the SEC)
- Amendment No. 7 — Amendment Number (indicates this is the seventh update to the original Schedule 13D filing)
Key Players & Entities
- LAUREATE EDUCATION, INC. (company) — the subject company of the filing
- SPG GP, LLC (company) — the primary filing entity
- IAN SNOW (person) — a group member of the filing entities
- SNOW PHIPPS GROUP (B), L.P. (company) — a group member of the filing entities
- SNOW PHIPPS GROUP (OFFSHORE), L.P. (company) — a group member of the filing entities
- SNOW PHIPPS GROUP (RPV), L.P. (company) — a group member of the filing entities
- SNOW PHIPPS GROUP, L.P. (company) — a group member of the filing entities
- SNOW PHIPPS GROUP, LLC (company) — a group member of the filing entities
- SPG CO-INVESTMENT, L.P. (company) — a group member of the filing entities
- Adé Heyliger, Esq. (person) — contact for legal notices for the filing
Forward-Looking Statements
- Snow Phipps Group will maintain its significant ownership stake in Laureate Education, Inc. (Snow Phipps Group) — high confidence, target: Q3 2024
- Laureate Education, Inc. may see continued stability in its stock price due to sustained institutional interest. (Laureate Education, Inc.) — medium confidence, target: Q2 2024
FAQ
Who filed this SC 13D/A amendment?
The SC 13D/A Amendment No. 7 was filed by SPG GP, LLC, along with its group members including Ian Snow, Snow Phipps Group (B), L.P., Snow Phipps Group (Offshore), L.P., Snow Phipps Group (RPV), L.P., Snow Phipps Group, L.P., Snow Phipps Group, LLC, and SPG Co-Investment, L.P.
What is the subject company of this filing?
The subject company of this filing is Laureate Education, Inc., with a CUSIP Number of 518613203 for its Common Stock, $0.004 par value.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was January 9, 2024, and it is noted as a 'Voluntary Filing'.
What type of securities are covered by this filing?
This filing covers the Common Stock, $0.004 par value, of Laureate Education, Inc.
Who is authorized to receive notices and communications for the filing person?
Adé Heyliger, Esq. of Weil, Gotshal & Manges LLP, located at 767 Fifth Avenue, New York, New York 10153, is authorized to receive notices and communications.
Filing Stats: 2,858 words · 11 min read · ~10 pages · Grade level 7.3 · Accepted 2024-01-25 16:56:49
Key Financial Figures
- $0.004 — Inc. (Name of Issuer) Common Stock, $0.004 par value (Title of Class of Securiti
Filing Documents
- d109419dsc13da.htm (SC 13D/A) — 149KB
- 0001193125-24-015509.txt ( ) — 151KB
of the Statement is hereby amended by supplementing with the following
Item 4 of the Statement is hereby amended by supplementing with the following: The information set forth in Items 5 and 6 of this Statement is hereby incorporated by reference into this Item 4. The Reporting Persons hold limited partnership interests in Wengen which correspond to a number of shares of Common Stock held by Wengen. Between November 14, 2023 and December 4, 2023, Wengen sold a number of shares of Common Stock (as has been separately reported by Wengen), an aggregate of 153,449 of which corresponded to the Reporting Persons limited partnership interests in Wengen. Item 5. Interest in Securities of the Issuer. Items 5(a) and (b) of the Statement are hereby amended and restated as follows: The information set forth in Items 4 and 6, and the cover pages of this Statement is hereby incorporated by reference into this Item 5. 10 (a) and (b). The Reporting Persons may be deemed to beneficially own an aggregate of 4,803,314 shares of Common Stock, which represents, in the aggregate, approximately 3.1% of the outstanding shares of the Issuers Common Stock, calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, which includes 43,589 shares of Common Stock that were issued to Ian Snow for non-employee director service on the Issuers board, and 2,688,386 shares of Common Stock held through Wengen (which accounts for rounding of aggregate fractional shares). Snow Phipps Group (Offshore), L.P., Snow Phipps Group (B), L.P., Snow Phipps Group, L.P., and Snow Phipps Group (RPV), L.P. may be deemed to beneficially own indirectly such shares issued to Mr. Snow as a result of contractual arrangements. Mr. Snow disclaims beneficial ownership of the securities to the extent it exceeds his pecuniary interest therein. Certain investors, including the Reporting Persons (collectively, the Wengen Investors ), hold limited partnership interests in Wengen. The general partner of Wengen is Wengen Investments Limited (the Wengen GP ), which is gov