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Extraction Summary
2
People
5
Organizations
0
Locations
2
Events
2
Relationships
3
Quotes
Document Information
Type:
Private placement memorandum (legal/financial document)
File Size:
Summary
This document is page 35 of a Private Placement Memorandum concerning an entity named 'KUE' (likely Knowledge Universe). It details legal stipulations regarding investments in subsidiaries, restricting the 'Principals' from bypassing 'Investors' in equity deals unless approved by an Independent Committee. It establishes KUE as the exclusive vehicle for the Principals' investments in pre-K through 12th-grade education and outlines strict transferability rules for Investor Units, requiring General Partner consent.
People (2)
| Name | Role | Context |
|---|---|---|
| Principals | Owners/Managers |
Individuals subject to restrictions on equity interests and for whom KUE is the exclusive investment vehicle for educ...
|
| Investors | Shareholders/Limited Partners |
Holders of Units, subject to transferability restrictions and granted tag-along rights.
|
Organizations (5)
| Name | Type | Context |
|---|---|---|
| KUE |
The primary entity discussed; exclusive vehicle for pre-K through 12th grade education investments.
|
|
| KUE LLC |
Holder of Common LP Units.
|
|
| General Partner |
Entity with authority to approve unit transfers.
|
|
| Independent Committee |
Oversight body required to approve certain equity grants and transfers.
|
|
| Board of Directors |
Governing body of the General Partner.
|
Timeline (2 events)
Relationships (2)
KUE will be their exclusive vehicle for equity investment opportunities
Units held by an Investor may not be sold... without the prior written consent of the General Partner
Key Quotes (3)
"The Principals intend that KUE will be their exclusive vehicle for equity investment opportunities in and acquisitions of for-profit companies engaged primarily in the business of pre-K through 12th grade education of children"Source
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Quote #1
"Units held by an Investor may not be sold, transferred or assigned without the prior written consent of the General Partner"Source
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Quote #2
"The Common LP Units and the Class A Shares comprising the Units owned by the Investors will not be separately transferable"Source
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Quote #3
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