<SEC-DOCUMENT>0001104659-21-132534.txt : 20211102
<SEC-HEADER>0001104659-21-132534.hdr.sgml : 20211102
<ACCEPTANCE-DATETIME>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
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            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
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            <rptOwnerName>SC Partners II, L.P.</rptOwnerName>
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            <rptOwnerStreet1>C/O STERLING PARTNERS, 401 N. MICHIGAN</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 3300</rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60611</rptOwnerZipCode>
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            <rptOwnerStreet2>SUITE 3300</rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60611</rptOwnerZipCode>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001404646</rptOwnerCik>
            <rptOwnerName>STERLING CAPITAL PARTNERS III LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O STERLING PARTNERS</rptOwnerStreet1>
            <rptOwnerStreet2>1033 SKOKIE BLVD, SUITE 600</rptOwnerStreet2>
            <rptOwnerCity>NORTHBROOK</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60062</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <otherText></otherText>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001611317</rptOwnerCik>
            <rptOwnerName>SC Partners III, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O STERLING PARTNERS</rptOwnerStreet1>
            <rptOwnerStreet2>401 NORTH MICHIGAN, SUITE 3300</rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60611</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <otherText></otherText>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001611325</rptOwnerCik>
            <rptOwnerName>Sterling Capital Partners III, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O STERLING PARTNERS</rptOwnerStreet1>
            <rptOwnerStreet2>401 NORTH MICHIGAN, SUITE 3300</rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60611</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <otherText></otherText>
        </reportingOwnerRelationship>
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    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2021-10-28</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>729366</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>913707</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F6"/>
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            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
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            <transactionDate>
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            <deemedExecutionDate></deemedExecutionDate>
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                <transactionFormType>4</transactionFormType>
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                <footnoteId id="F1"/>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>1788082</value>
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                <transactionPricePerShare>
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                    <value>2235103</value>
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                    <footnoteId id="F6"/>
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                </directOrIndirectOwnership>
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        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Class B Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F4"/>
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            <transactionDate>
                <value>2021-10-28</value>
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                <transactionFormType>4</transactionFormType>
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                <transactionShares>
                    <value>729366</value>
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                <transactionPricePerShare>
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                    <value>D</value>
                </transactionAcquiredDisposedCode>
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                <footnoteId id="F4"/>
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                <footnoteId id="F4"/>
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                <underlyingSecurityTitle>
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                <underlyingSecurityShares>
                    <value>729366</value>
                </underlyingSecurityShares>
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                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
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                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
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            </ownershipNature>
        </derivativeTransaction>
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            <securityTitle>
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                <footnoteId id="F4"/>
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                <footnoteId id="F4"/>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
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                    <value>1788082</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F3"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
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    <footnotes>
        <footnote id="F1">Upon distribution of shares of Class B common stock (&quot;Class B Common Stock&quot;) of Laureate Education, Inc. (the &quot;Issuer&quot;), previously indirectly beneficially owned (for purposes of Section 16) by certain investors through ownership of limited partnership interests in Wengen Alberta, Limited Partnership (&quot;Wengen&quot;), 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 (&quot;Class A Common Stock&quot;) on a one-for-one basis.</footnote>
        <footnote id="F2">Sterling Capital Partners II, L.P. (&quot;SCP II LP&quot;) 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. (&quot;SC Partners II&quot;) is the sole general partner of SCP II LP, and Sterling Capital Partners II, LLC (&quot;SCP II LLC&quot;) 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.</footnote>
        <footnote id="F3">Sterling Capital Partners III, L.P. (&quot;SCP III LP&quot;) 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. (&quot;SC Partners III&quot;) is the sole general partner of SCP III LP, and Sterling Capital Partners III, LLC (&quot;SCP III LLC&quot;) 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.</footnote>
        <footnote id="F4">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.</footnote>
        <footnote id="F5">Represents shares of Class B Common Stock held directly by Wengen, whose general partner is Wengen Investments Limited (&quot;Wengen GP&quot;). 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 &amp; Co. L.P., Cohen Private Ventures, LLC, Bregal Investments, Inc. and Snow Phipps Group, LLC (collectively, the &quot;Wengen Investors&quot;) have interests in the Issuer through Wengen. Certain Wengen Investors have designated representatives who serve on the board of directors of Wengen GP.</footnote>
        <footnote id="F6">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 &quot;Exchange Act&quot;), 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.</footnote>
    </footnotes>

    <remarks>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.</remarks>

    <ownerSignature>
        <signatureName>/s/ M. Avi Epstein, attorney-in-fact for Sterling Capital Partners II, L.P.</signatureName>
        <signatureDate>2021-11-01</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ M. Avi Epstein, attorney-in-fact for SC Partners II, L.P.</signatureName>
        <signatureDate>2021-11-01</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ M. Avi Epstein, attorney-in-fact for Sterling Capital Partners II, LLC</signatureName>
        <signatureDate>2021-11-01</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ M. Avi Epstein, attorney-in-fact for Sterling Capital Partners III, L.P.</signatureName>
        <signatureDate>2021-11-01</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ M. Avi Epstein, attorney-in-fact for SC Partners III, L.P.</signatureName>
        <signatureDate>2021-11-01</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ M. Avi Epstein, attorney-in-fact for Sterling Capital Partners III, LLC</signatureName>
        <signatureDate>2021-11-01</signatureDate>
    </ownerSignature>
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