Adtalem Global Education’s $1.48 Billion Acquisition of Walden University

Simpson Thacher and Jones Day represented Laureate Education, Inc. in the transaction.

Laureate Education, Inc. (NASDAQ: LAUR) closed its definitive agreement to sell Walden University to Adtalem Global Education Inc. (NYSE: ATGE) for $1.48 billion in cash, subject to customary adjustments. The transaction is expected to close toward the end of 2021, subject to customary closing conditions, including regulatory approval by the U.S. Department of Education and the Higher Learning Commission.

Walden University is a regionally accredited higher education institution in the United States offering online doctoral, master’s, bachelor’s and graduate certificate programs.

Laureate Education, Inc. is a corporation based in Baltimore, Maryland, in the United States. Laureate owns and operates Laureate International Universities, with more than 150 campuses in 10 countries as of 2019.

The Simpson Thacher team for Laureate Education in the transaction included Jakob Rendtorff (Picture), Gary Horowitz, Sebastian Tiller, Janet Yu, Michael Yan and Alexander Porro (M&A); Andrew Blau and Eric Wolf (Employee Benefits); Lori Lesser, Alysha Sekhon and Kate Mirino (Intellectual Property); David Azarkh and James Cross (Financing); Sara Razi, Kelly Karapetyan, Jonathan Porter, Etienne Renaudeau and Sarah Pugh (Antitrust); and Karen Hsu Kelley and Shari Ness (Public Company Advisory Practice).

The Jones Day team was led by Scott M. Levine.

Involved fees earner: Scott Levine – Jones Day; David Azarkh – Simpson Thacher & Bartlett; Andrew Blau – Simpson Thacher & Bartlett; James Cross – Simpson Thacher & Bartlett; Gary Horowitz – Simpson Thacher & Bartlett; Karen Hsu Kelley – Simpson Thacher & Bartlett; Jakob Rendtorff – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Kate Mirino – Simpson Thacher & Bartlett; Shari Ness – Simpson Thacher & Bartlett; Alexander Porro – Simpson Thacher & Bartlett; Jonathan Porter – Simpson Thacher & Bartlett; Sarah Pugh – Simpson Thacher & Bartlett; Sara Razi – Simpson Thacher & Bartlett; Étienne Renaudeau – Simpson Thacher & Bartlett; Alysha Sekhon – Simpson Thacher & Bartlett; Sebastian Tiller – Simpson Thacher & Bartlett; Eric Wolf – Simpson Thacher & Bartlett; Michael Yan – Simpson Thacher & Bartlett; Janet Yu – Simpson Thacher & Bartlett;

Law Firms: Jones Day; Simpson Thacher & Bartlett;

Clients: Laureate Education Inc.;

Author: Ambrogio Visconti