KUE
OrganizationRelationship Network
Event Timeline
| Connected Entity | Relationship Type |
Strength
(mentions)
|
Documents | Actions |
|---|---|---|---|---|
|
person
Knowledge Universe Education L.P.
|
Business associate |
10
Very Strong
|
3 | |
|
person
General Partner
|
Management |
10
Very Strong
|
4 | |
|
person
General Partner
|
Business associate |
10
Very Strong
|
5 | |
|
person
local and regional investors
|
Investment |
8
Strong
|
4 | |
|
organization
KLC
|
Financial |
7
|
3 | |
|
person
KLC OpCo
|
Corporate structure |
7
|
1 | |
|
organization
KULG
|
Financial |
7
|
1 | |
|
person
KLC OpCo
|
Ownership |
7
|
1 | |
|
person
Prospective Investors
|
Financial |
7
|
1 | |
|
person
Prospective Investors
|
Legal representative |
6
|
1 | |
|
person
local and regional investors
|
Business associate |
6
|
2 | |
|
person
A group of limited partners
|
Business associate |
6
|
2 | |
|
person
Principals
|
Control affiliation |
6
|
1 | |
|
organization
General Partner
|
Management control |
6
|
2 | |
|
location
Cayman Islands
|
Jurisdictional |
6
|
1 | |
|
person
The Principals
|
Ownership management |
6
|
1 | |
|
organization
General Partner
|
Business associate |
6
|
2 | |
|
organization
k12
|
Financial |
6
|
1 | |
|
organization
KULG
|
Affiliate allocator |
6
|
2 | |
|
person
General Partner
|
Corporate structure |
5
|
1 | |
|
organization
KLC
|
Affiliate related entity |
5
|
1 | |
|
person
Principals
|
Control investment vehicle |
5
|
1 | |
|
organization
General Partner
|
Control |
5
|
1 | |
|
organization
KLC
|
Corporate structure |
5
|
1 | |
|
location
Cayman Islands
|
Unknown |
5
|
1 |
| Date | Event Type | Description | Location | Actions |
|---|---|---|---|---|
| 2005-12-31 | N/A | Baseline date for actual cash and capitalization figures. | N/A | View |
| 2005-11-01 | N/A | KLC refinanced indebtedness, divided KUE into KLC OpCo and KLC PropCo, and entered into a Master ... | N/A | View |
| 2004-10-27 | N/A | Liquidation of Knowledge Universe Learning Corp. and distribution of shares to KUE Inc. | Unspecified | View |
HOUSE_OVERSIGHT_024474.jpg
This document is an organizational chart outlining a pro forma structure for a $1 billion funding round for Knowledge Universe. It details a complex hierarchy involving Delaware LLCs and Cayman Islands entities, showing the flow of ownership from 'Principals' down to operating companies like Knowledge Learning Corporation and k12 Inc. The chart specifies share classes, LP units, and ownership percentages at each level of the corporate structure.
HOUSE_OVERSIGHT_024473.jpg
This document is a capitalization table (page 40) from a financial memorandum dated around April 1, 2006, detailing the financial structure of an entity referred to as KUE. It outlines a pro forma adjustment based on the sale of $1 billion in units, resulting in an $800 million cash increase after fees and debt repayment. The document details the complex corporate structure involving KUE, KUE Inc., KLC OpCo, KLC PropCo, and KUE LLC, including specific debt obligations and asset contributions.
HOUSE_OVERSIGHT_024472.jpg
This page is a 'Use of Proceeds' section from a financial offering document related to KUE (likely Knowledge Universe Education). It details the allocation of funds raised, specifically $150 million for debt repayment, $50 million for fees and expenses (referencing a July 1, 2006 Fixed Overhead Payment Agreement), and $7 million for accrued returns on preferred units managed by KUE LLC.
HOUSE_OVERSIGHT_024471.jpg
This document appears to be page 38 of a Private Placement Memorandum regarding an entity named 'KUE'. It outlines governance protocols, specifically that an Independent Committee's decisions are binding on the General Partner's Board. It also details indemnification clauses protecting the General Partner and related staff, establishes requirements for periodic financial reporting (audited annual and semi-annual reports), and references U.S. federal income tax consequences.
HOUSE_OVERSIGHT_024470.jpg
This document is page 37 of a legal agreement (likely a Private Placement Memorandum or Partnership Agreement) concerning an entity named 'KUE'. It details the 'Illiquidity Period' (7 years) and the protocols for a future sale or Initial Public Offering (IPO), specifically outlining conflict of interest rules for 'The Principals' if they choose to bid on the company versus the role of an 'Independent Committee'. The document is stamped with a House Oversight Committee identifier.
HOUSE_OVERSIGHT_024469.jpg
This document outlines specific rights for investors in KUE LLC, including Drag-Along rights which compel investors to sell under certain conditions, and Co-Invest rights allowing participation in future cash offerings. It also details provisions for tag-along rights post-listing and the mechanism for investors holding significant units to request the listing of their units on an international securities exchange after an initial period.
HOUSE_OVERSIGHT_024468.jpg
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.
HOUSE_OVERSIGHT_024467.jpg
This document is page 34 of a Private Placement Memorandum or Limited Partnership Agreement for an entity named KUE (likely KUE LLC). It defines 'Related Party Transactions' and establishes governance thresholds: transactions over $1 million involving the Principals require specific definitions, while those between $1 million and $50 million require Independent Committee or Limited Partner approval. Transactions exceeding $50 million require approval from both the Independent Committee and a majority of unaffiliated Limited Partners.
HOUSE_OVERSIGHT_024466.jpg
This document outlines the governance structure and listing process for an entity referred to as 'KUE'. It details the composition of the Board of Directors, specifically the rights of outside investors to appoint directors and the requirements for 'Independent Directors' based on NYSE rules. It also defines the 'Initial Listing' process, which requires an offering generating at least $200 million in gross proceeds.
HOUSE_OVERSIGHT_024465.jpg
This document is page 32 of a legal agreement outlining financial and governance structures for an entity named KUE. It details a $20 million annual 'Fixed Overhead Payment' from KUE to KULG starting July 1, 2006, covering salaries and administrative costs. It also defines voting rights, establishing the General Partner as the manager while limiting the voting power of Investors (Limited Partners), except in specific amendment scenarios involving 'Class A' and 'Class B' shares.
HOUSE_OVERSIGHT_024463.jpg
This document is page 30 of a Private Placement Memorandum or Limited Partnership Agreement for an entity identified as 'KUE'. It outlines the financial distribution waterfall structure (prioritizing return of capital and an 8% preferred return), the authority of the General Partner, and governance rules involving an 'Independent Committee' regarding the issuance of Profits Participation LP Units. The document bears a House Oversight Committee stamp, indicating it is part of a congressional investigation.
HOUSE_OVERSIGHT_024461.jpg
This document is page 28 of a financial offering memorandum for KUE LLC, a Delaware company. It details the 'Use of Proceeds' from an investment offering, which includes repaying $150 million in debt, $50 million in fees (including a 'Fixed Overhead Payment Agreement'), and expanding operations. It also outlines the 'Capital Structure,' projecting that investors will own 40% of the company if 1,000,000 units are sold by March 31, 2007. The document bears a House Oversight Committee Bates stamp.
HOUSE_OVERSIGHT_024460.jpg
This document is a summary of terms for a financial transaction involving the offering of investment units in Knowledge Universe Education L.P. (KUE), a Cayman Islands entity. The offering aims to raise between $1 billion and $1.5 billion USD, with individual units priced at $1,000, and is expected to close by March 31, 2007. The document details the structure of the units, comprising interest in the limited partnership and shares in the General Partner (KUE Management Inc.), as well as minimum ($25M) and maximum ($185M) investment thresholds.
HOUSE_OVERSIGHT_024458.jpg
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.
HOUSE_OVERSIGHT_024456.jpg
This document appears to be a page from a 2006 investment or business analysis report focusing on the Early Childhood Education (ECE) market. It details the growth of 'k12' and compares the market position, revenue, and capacity of major players like KLC OpCo, La Petite Academy (owned by JP Morgan), and Bright Horizons. The document is stamped 'HOUSE_OVERSIGHT', indicating it is part of a congressional investigation, likely related to Epstein's financial networks or investments.
HOUSE_OVERSIGHT_024455.jpg
This page from a business report or investment memo analyzes the market potential for 'KUE' and 'KLC OpCo' (likely Knowledge Universe Education and KinderCare). It details demographic trends favoring for-profit education, such as the one-child policy in China and the increasing number of working mothers in the US. It also highlights a financial profile for the fiscal year ending December 31, 2005, noting $1.48 billion in revenue.
HOUSE_OVERSIGHT_024454.jpg
This document appears to be page 21 of a business proposal or investment memorandum for an entity referred to as 'KUE' (likely a company or joint venture). It analyzes the global for-profit education market, citing data from 2005 sources like Harris Nesbitt and the World Bank. The document outlines KUE's international growth strategy, targeting expansion in the UK, Saudi Arabia, UAE, and China through government cooperation or acquisitions.
HOUSE_OVERSIGHT_024453.jpg
This document is page 20 of an investment memorandum or business plan describing the strategy and financial history of KUE/KLC (Knowledge Learning Corporation). It details the company's growth through acquisitions (Aramark, KinderCare), the separation of its operations and real estate assets (managed by Greenstreet Real Estate Partners), and financial projections through 2011. The text outlines the 'Investment Rationale' based on the large global education market.
HOUSE_OVERSIGHT_024452.jpg
This document is an executive summary for Knowledge Universe Education L.P. (KUE), a Cayman Islands-based education company primarily owned by Michael Milken, Lowell Milken, and Steven Green. It outlines the company's structure, including subsidiaries KLC OpCo (education operations) and KLC PropCo (real estate), as well as its interest in k12 Inc. The summary highlights the principals' backgrounds and their investment philosophy based on human capital theory.
HOUSE_OVERSIGHT_024440.jpg
This document is page 7 of a legal offering memorandum (House Oversight document 024440) detailing regulatory notices for a fund or entity identified as 'KUE' (likely KUE Capital). It provides specific legal disclosures for investors in Canada (regarding the Ontario Securities Commission and language preferences), the Cayman Islands (restricting business with the local public), and China (stating the document is not a public offer in the PRC). It confirms KUE is structured with a General Partner and operates under Cayman Islands law.
HOUSE_OVERSIGHT_024439.jpg
This document is page 6 of a legal financial memorandum (likely a Private Placement Memorandum) bearing a House Oversight Committee Bates stamp. It details legal disclaimers regarding forward-looking statements, non-GAAP financial measures, and specific representations required for investors residing in Canada (specifically Ontario). The text outlines the obligations of the entity 'KUE' and its 'General Partner' to report investor personal information to the Ontario Securities Commission (OSC) for compliance with Canadian securities laws (NI 45-106).
HOUSE_OVERSIGHT_024438.jpg
This document is page 5 of an Offering Memorandum for an entity identified as 'KUE' (likely an Epstein-related entity). It details legal disclaimers and statutory rights for purchasers of securities in Canadian provinces (Ontario, Nova Scotia, New Brunswick), specifically regarding rights of rescission in cases of misrepresentation. It also includes a disclaimer regarding Canadian Federal Income Tax and a section defining Forward-Looking Statements related to the future performance of KUE and its General Partner.
HOUSE_OVERSIGHT_024437.jpg
This document is a legal disclaimer and offering memorandum page outlining restrictions and rights for investors, specifically addressing residents of Canada. It details resale restrictions, enforcement of legal rights involving entities in the Cayman Islands (KUE and the General Partner), and statutory rights of action for damages or rescission in provinces like Ontario, New Brunswick, and Nova Scotia.
HOUSE_OVERSIGHT_024436.jpg
This document is page 3 of a confidential offering memorandum or private placement memorandum (PPM) for an entity identified as 'KUE'. It contains standard legal disclaimers and 'Notice to Non-U.S. Investors,' specifically outlining regulatory compliance and restrictions for investors residing in Argentina, Australia, and Brazil. The document emphasizes that the securities ('Units') are not registered with public regulators in these jurisdictions and are intended for private transactions with sophisticated investors.
HOUSE_OVERSIGHT_024434.jpg
This document is page 1 of a Private Placement Memorandum for an entity identified as 'KUE'. It serves as a 'Notice to Investors' outlining strict confidentiality obligations regarding 'Company Information' and details restrictions on the resale of Common LP Units and Class A Shares. The text emphasizes that investors must rely on their own examination of the company and bears the Bates stamp HOUSE_OVERSIGHT_024434.
| Date | Type | From | To | Amount | Description | Actions |
|---|---|---|---|---|---|---|
| N/A | Received | local and regiona... | KUE | $0.00 | 1,000,000 Class A Shares | View |
| 2007-03-31 | Received | local and regiona... | KUE | $1,000.00 | Price per Unit ($999 to Common LP Unit, $1 to C... | View |
| 2006-04-01 | Paid | KUE | KULG | $183,900,000.00 | Outstanding balance owed under the promissory note | View |
| 2004-10-27 | Received | Knowledge Univers... | KUE | $0.00 | Distribution of KSI shares upon liquidation of ... | View |
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