Laureate expects $1.5 billion in proceeds from asset sales this year and already has collected $1.3 billion so far, allowing Laureate to “significantly reduce our debt levels and improve our financial profile,” Serck-Hanssen said.
Laureate closed on the sale of Monash South Africa in April. It sold University of St. Augustine for Health Sciences in Florida and Stamford International University in Thailand in February. And the company entered into an agreement in April to sell Centro Universitário do Norte in Brazil.
Laureate, an international network of degree-granting higher education institutions, has about 850,000 students enrolled at 25 universities with more than 150 campuses, mainly in Latin America.