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Extraction Summary
7
People
4
Organizations
0
Locations
0
Events
2
Relationships
3
Quotes
Document Information
Type:
Business strategy report / due diligence document
File Size:
Summary
A page from a business strategy report detailing the leadership teams and value creation strategies for education entities KUE, KLC OpCo, and k12. It lists key executives including Michael and Lowell Milken, and outlines growth opportunities driven by tuition increases and operational synergies. The document bears a House Oversight stamp.
People (7)
| Name | Role | Context |
|---|---|---|
| Lowell Milken | CEO |
Leader of KUE leadership team
|
| Michael Milken | Chairman |
Leader of KUE leadership team
|
| Steven Green | Vice-Chairman |
Member of KUE leadership team
|
| Ted Sanders | Vice-Chairman |
Member of KUE leadership team
|
| Dr. Elanna Yalow | COO |
KLC OpCo management team, expert in for-profit ECE centers
|
| Ron Packard | Chairman, Founder and acting CEO |
k12 leadership, previously with KLC
|
| John Baule | Executive Vice President and CFO |
k12 leadership, previously CFO of Headstrong
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KUE |
Parent/Holding company (Knowledge Universe Education implied)
|
|
| KLC OpCo |
Knowledge Learning Corporation operating company
|
|
| k12 |
Education company (K12 Inc.)
|
|
| Headstrong |
Previous employer of John Baule
|
Relationships (2)
was previously with KLC before founding k12
served as CFO of Headstrong for five years before joining k12
Key Quotes (3)
"Value is created by owning assets across the pre-K-12 education continuum"Source
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Quote #1
"Incremental value is expected to be created from strategic and financial synergies inherent in a global platform"Source
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Quote #2
"Historical industry data shows an average tuition rate increase of 7% per annum."Source
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Quote #3
Full Extracted Text
Complete text extracted from the document (2,410 characters)
Strong leadership teams
KUE
— Strong team of highly experienced professionals at the KUE level, led by CEO Lowell Milken,
Chairman Michael Milken and Vice-Chairmen Steven Green and Ted Sanders. The team
contributes an average of more than two decades of experience in their respective fields to KUE.
— Strong team of highly experienced professionals at the KUE level, led by CEO Lowell Milken,
Chairman Michael Milken and Vice-Chairmen Steven Green and Ted Sanders. The team
contributes an average of more than two decades of experience in their respective fields to KUE.
— Providing corporate headquarters support services in the areas of strategy and business
development, acquisitions, recruiting of executives, communication and government relations.
development, acquisitions, recruiting of executives, communication and government relations.
KLC OpCo
— Highly experienced management team comprised of both experts in the field of education (COO Dr.
Elanna Yalow has substantial experience operating for-profit ECE centers), as well as business
professionals.
— Highly experienced management team comprised of both experts in the field of education (COO Dr.
Elanna Yalow has substantial experience operating for-profit ECE centers), as well as business
professionals.
— Seasoned executive and middle management team with average Company tenure of ten years.
k12
— Chairman, Founder and acting CEO Ron Packard has extensive experience in the K-12 education
space and was previously with KLC before founding k12. John Baule, Executive Vice President
and CFO, served as CFO of Headstrong for five years before joining k12.
— Chairman, Founder and acting CEO Ron Packard has extensive experience in the K-12 education
space and was previously with KLC before founding k12. John Baule, Executive Vice President
and CFO, served as CFO of Headstrong for five years before joining k12.
1.2.3 Value Creating Strategy
Value is created by owning assets across the pre-K-12 education continuum
Incremental value is expected to be created from strategic and financial synergies inherent in a global
platform
— The Company can exploit the similarities in various education markets by capitalizing on the assets
it owns (e.g., using KLC's expertise to establish similar operations across geographies and across
the pre-K-12 education continuum).
— Sharing of best practices globally and ability to cross-sell products and services to the Company's
customers.
platform
— The Company can exploit the similarities in various education markets by capitalizing on the assets
it owns (e.g., using KLC's expertise to establish similar operations across geographies and across
the pre-K-12 education continuum).
— Sharing of best practices globally and ability to cross-sell products and services to the Company's
customers.
— Entry into less structured international markets early in their development cycle to establish
attractive competitive positions.
attractive competitive positions.
Multiple growth opportunities at KLC and k12
Top line organic growth at KLC OpCo is expected to be driven by several factors:
— Historically the industry has demonstrated a pattern of price increases above inflation. Historical
industry data shows an average tuition rate increase of 7% per annum.13
— Historically the industry has demonstrated a pattern of price increases above inflation. Historical
industry data shows an average tuition rate increase of 7% per annum.13
— Higher "Utilization"14 resulting from increased student enrollment, improved retention rates, further
network rationalization to better align supply with demand, more favorable center build rate in the
broader industry and favorable macro trends.
network rationalization to better align supply with demand, more favorable center build rate in the
broader industry and favorable macro trends.
13 Source: The National Economic Impacts of the Child Care Sector 2002.
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