---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-21-016803"
form_type: "8-K"
ticker: "LAUR"
cik: "0000912766"
company_name: "LAUREATE EDUCATION, INC."
filed_at: "2021-08-12T23:59:59+00:00"
generated_at: "2026-06-29T14:24:15.100428+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Laureate Education closes $1.48B sale of Walden Group to Adtalem

## Summary
- Total cash purchase price $1,480M; net proceeds after transaction costs ~$1,649M.
- Release of ~$83.6M restricted cash collateralizing U.S. Dept. of Education letters of credit.
- Estimated after-tax gain on sale of ~$809M based on June 30, 2021 carrying value.
- Walden CEO Paula Singer departs; receives $1.377M severance plus $128K prorated bonus and equity acceleration.

## SEC filing metadata
- accession: 0001628280-21-016803
- form_type: 8-K
- ticker: LAUR
- cik: 0000912766
- company_name: LAUREATE EDUCATION, INC.
- filed_at: 2021-08-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912766/000162828021016803/0001628280-21-016803-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912766/000162828021016803/laur-20210812.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-21-016803
- JSON: https://secwatch.observer/filing/0001628280-21-016803.json
- Plain text: https://secwatch.observer/filing/0001628280-21-016803.txt

## Key facts
- Executive change
  Paula Singer departed as CEO, Walden and Laureate Online Partners at LAUREATE EDUCATION, INC..
  - Action: departed
  - Role: CEO, Walden and Laureate Online Partners
  source text: On August 11, 2021, the Company and Paula Singer, CEO, Walden and Laureate Online Partners, agreed to the termination of the previously disclosed April 2020 Special Retention/Transaction Bonus, Equity Awards and Severance Policy Letter Agreement between Ms. Singer and the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/912766/000162828021016803/0001628280-21-016803-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.