The company, which runs a network of 60 campus-based and online universities that offer undergraduate and graduate degrees to over 675,000 students, is currently hiring investment banks for the listing, Reuters reported on Friday.
The business was bought in 2007 by a consortium of investors led by chief executive Douglas Becker for $3.82bn.
Investors include KKR, Citigroup Private Equity, SAC Capital Management, SPG Partners, Bregal Investments, Caisse de depot et placement du Quebec, Sterling Capital, Makena Capital, Torreal and Southern Cross Capital.
The sale of Laureate, which generates half of its revenues from Mexico, Chile and Brazil, could be hampered by its debt load. Standard & Poor’s said the company was “highly leveraged” and gave it a ‘B’ credit rating.
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