k12
OrganizationRelationship Network
Event Timeline
| Connected Entity | Relationship Type |
Strength
(mentions)
|
Documents | Actions |
|---|---|---|---|---|
|
person
The Principals
|
Control licensing |
7
|
1 | |
|
organization
KUE
|
Financial |
6
|
1 | |
|
organization
Pan
|
Business associate |
6
|
2 | |
|
organization
William H. Hunter Elementary School
|
Service provider |
5
|
1 | |
|
organization
UA
|
Service provider |
5
|
1 | |
|
organization
ICA
|
Contractual management |
5
|
1 | |
|
person
Various States (CO, PA, OH, etc.)
|
Operational service provider |
5
|
1 | |
|
organization
School District of Philadelphia
|
Business associate |
5
|
1 | |
|
organization
KUE
|
Acquisition |
1
|
1 |
| Date | Event Type | Description | Location | Actions |
|---|---|---|---|---|
| N/A | N/A | Received charter in Sacramento area | Sacramento, California | View |
| N/A | N/A | Chicago school board approved virtual public school managed by k12 | Chicago | View |
| N/A | N/A | Official launch of the k12 program at Hunter Elementary. | Philadelphia, PA | View |
| N/A | N/A | Planned development of grades 10-12 curriculum by k12. | N/A | View |
| N/A | N/A | School District of Philadelphia selects k12 as a partner to revitalize William H. Hunter Elementa... | Philadelphia, PA | View |
| N/A | N/A | Acquisition of KLC and k12 by KUE | United States | View |
| 2006-01-01 | N/A | Combined enrollment calculation of approximately 18,000 children | Various States | View |
| 2006-01-01 | N/A | Opened in Texas, Wyoming, and Washington | Texas, Wyoming, Washington | View |
| 2004-06-30 | N/A | Fiscal year end for k12 reporting. | N/A | View |
| 2004-01-01 | N/A | Expansion into Minnesota, Arizona, Florida, Wisconsin, and DC | Minnesota, Arizona, Florida... | View |
| 2003-01-01 | N/A | Expansion into Ohio, Idaho, California, and Arkansas | Ohio, Idaho, California, Ar... | View |
| 2002-01-01 | N/A | k12 began operations in Colorado and Pennsylvania | Colorado, Pennsylvania | View |
HOUSE_OVERSIGHT_024506.jpg
This document (Page 73, House Oversight stamp 024506) outlines the corporate structure and management of Knowledge Universe Education (KUE). It identifies Michael Milken, Lowell Milken, and Steven Green as the 'Principals' and controlling shareholders, detailing KUE's ownership stakes in subsidiaries KLC and k12. The text also discloses a financial arrangement wherein KUE pays KULG $20 million annually for services starting July 1, 2006.
HOUSE_OVERSIGHT_024501.jpg
This document is page 68 of a business report (likely for K12 Inc.) analyzing the For-Profit K-12 Education market between 2004 and 2010. It cites Harris Nesbitt Research to project revenue growth in the sector and discusses market drivers such as the No Child Left Behind Act, the rise of charter schools, and the increasing demand for virtual academies. The text explicitly mentions the 'large and scalable platform that exists at k12' as being positioned to capitalize on these trends.
HOUSE_OVERSIGHT_024500.jpg
This document appears to be page 67 of a market research or due diligence report (likely an Investment Memorandum) analyzing the U.S. education market, specifically Early Childhood Education (ECE) and K-12 sectors. It details the financials of 'LPA' (owned by JP Morgan Capital) and Nobel Learning Communities, while also discussing government funding, the 'No Child Left Behind Act,' and market demographics. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was produced during the House Oversight Committee's investigation, likely regarding JP Morgan's business dealings.
HOUSE_OVERSIGHT_024489.jpg
This document is page 56 of a financial offering memorandum (likely for a private placement). It details the risks associated with investing in 'Units' of a company connected to 'KUE' (Knowledge Universe Education) and 'k12'. The text outlines legal disclaimers regarding financial projections, the repayment of KUE's debt using offering proceeds, and the limited information rights afforded to investors under KUE's Limited Partnership Agreement.
HOUSE_OVERSIGHT_024488.jpg
This document is page 55 of a financial memorandum (likely a Private Placement Memorandum) stamped by the House Oversight Committee. It details risk factors regarding tax legislation (anti-inversion), currency fluctuations, and reporting requirements (IRS Forms 8865/5471) for investors in 'KUE' and 'KLC'. It specifically warns investors about the reliability of financial projections for the years 2006-2011 and details a 'Fixed Overhead Payment Agreement' involving $20 million, of which $17.5 million is payable by KUE.
HOUSE_OVERSIGHT_024575.jpg
This document is page 142 of a legal memorandum or prospectus, stamped HOUSE_OVERSIGHT_024575, detailing the U.S. federal income taxation rules for partners in an entity named KUE. It discusses 'anti-inversion legislation,' the acquisition of entities 'KLC' and 'k12', and specific valuations for LP Units ($999) and GP Shares ($1). The text outlines tax liabilities, the flow-through of taxable income, and potential IRS challenges regarding allocation provisions.
HOUSE_OVERSIGHT_024568.jpg
This document page details financial indebtedness and affiliate transactions involving Knowledge Universe Education (KUE), k12, and the Milken brothers (Michael and Lowell). It outlines a $150 million loan used to repay debt to Michael Milken's entities, details the Milken brothers' ownership of k12 trademarks and stocks, and identifies Condors LLC as a lender for a mezzanine loan. The document bears a House Oversight stamp.
HOUSE_OVERSIGHT_024558.jpg
This document is page 125 of a legal agreement (likely a partnership agreement) outlining investment restrictions and transferability rules for an entity named KUE (likely Knowledge Universe Education). It mandates that KUE be the exclusive vehicle for the 'Principals' to invest in pre-K through 12th-grade education companies, with specific exceptions for LeapFrog Enterprises, Nobel Learning Communities, and K12 Inc. It also details strict restrictions on the transfer of investor units, requiring General Partner approval.
HOUSE_OVERSIGHT_024547.jpg
This document is a page from a financial report detailing the equity structure and revenue recognition policies of 'k12' (likely K12 Inc.). It specifically highlights the significant investment position of 'KUE' (Knowledge Universe Education), noting that KUE owns roughly 40% of Series C Preferred Stock and holds a 17.9% fully-diluted ownership stake in the company. The document carries a House Oversight stamp, indicating it is part of a congressional investigation.
HOUSE_OVERSIGHT_024546.jpg
This document is a financial summary and projection for an organization identified as 'k12' (likely K12 Inc.), covering fiscal years 2002 through projected 2007. It details revenue growth from $6.7 million in 2002 to a projected $132.2 million in 2007, driven by expansion into new states and grades, though the company operated at a net loss for the recorded historical years (2002-2005). The text outlines the company's operational history, expansion into specific states (CO, PA, OH, ID, CA, AR, MN, AZ, FL, WI, DC, TX, WY, WA), future opportunities in Chicago and Sacramento, and its revenue recognition policies regarding virtual charter school management.
HOUSE_OVERSIGHT_024545.jpg
This document is page 112 of a larger Memorandum (identified by Bates stamp HOUSE_OVERSIGHT_024545) concerning the company 'k12'. It details the corporate structure, listing the Management team led by Ron Packard and the Board of Directors, which includes executives from Lawrence Investments, LLC, Loews Corporation, and Bear Stearns Asset Management. It also introduces a section on financial projections based on historical data and expected 2006 revenue.
HOUSE_OVERSIGHT_024544.jpg
This document is a page from a larger business report or prospectus (page 111) describing the 'Product Offering' of an educational company called 'k12'. It details a comprehensive K-9 curriculum that blends internet-based learning with offline materials like books, audiotapes, and science kits. The text outlines specific subjects (Language Arts, Math, History, Science, Visual Arts, Music) and technical features of the delivery platform. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was obtained during a congressional investigation, likely related to Epstein's business dealings or investments in the education sector.
HOUSE_OVERSIGHT_024542.jpg
This document appears to be a page from a business report or investment prospectus regarding the educational company 'k12'. It details the company's market dominance in virtual schools as of the 2004-05 school year and provides a case study on the implementation of their curriculum at William H. Hunter Elementary School in Philadelphia starting in 2004. The document highlights the technological upgrades and academic improvements (specifically in math scores) resulting from the partnership.
HOUSE_OVERSIGHT_024541.jpg
This document appears to be a page from an investment report or business overview regarding 'k12' (K12 Inc.), a virtual education company. It details the company's business model, profitability (noting higher margins due to lack of physical infrastructure), and presence in various US states during the 2006 fiscal year. The document highlights financial projections, specifically a revenue increase in district-managed programs from $3 million in 2006 to a projected $11 million in 2008, and references a 2001 KPMG study validating their curriculum quality.
HOUSE_OVERSIGHT_024539.jpg
This document is a corporate profile or investment overview of 'k12 INC.' (likely part of a larger House Oversight report regarding Epstein's finances or investments, given the Bates stamp). It details the company's history since its founding in 1999, its headquarters in McLean, VA, and its operations as of roughly 2006. The text breaks down revenue streams, noting that 91% of its 2006 estimated revenue came from virtual public schools, and mentions a $70 million investment in curriculum development.
HOUSE_OVERSIGHT_024476.jpg
This document contains three financial summary tables for KLC OpCo, KLC PropCo, and k12, detailing historical and projected financial data from 2004 to 2007. The data relates to the corporate restructuring of Knowledge Learning Corporation (KLC), its acquisition of KinderCare in January 2005, and its subsequent separation into operating and property companies. The document appears to be part of a House Oversight Committee investigation, as indicated by the footer stamp.
HOUSE_OVERSIGHT_024459.jpg
This document page is part of a financial or investment analysis report detailing the growth strategies for KLC OpCo (Knowledge Learning Corporation) and k12 (virtual schooling). It highlights the consolidation of the Early Childhood Education (ECE) industry, the integration of KinderCare, and projected growth rates based on research from Harris Nesbitt dated September 2005. While part of the Epstein document cache, likely due to his financial ties to Apollo (which owned KLC), the document content is purely corporate strategy.
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_024457.jpg
This document is a page from a business presentation or due diligence report regarding 'KLC OpCo' and 'k12', focusing on their educational business model and real estate assets. It highlights a $70 million investment in a technology platform, accreditation by NAEYC, and a real estate portfolio of 845 owned centers valued at approximately $1.25 billion, managed in partnership with Greenstreet Real Estate Partners. The document appears to be part of a financial analysis likely related to investments or acquisitions involving these entities.
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_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_024451.jpg
This document appears to be page 18 of a financial memorandum (likely related to an offering or due diligence) bearing a House Oversight stamp. It outlines risk factors involving government funding, labor issues, and environmental contamination, and explicitly notes material weaknesses in KLC's (Knowledge Learning Corporation) internal controls during the 2005 audit. The document also details the trademark portfolios of KLC, KinderCare, and k12.
| Date | Type | From | To | Amount | Description | Actions |
|---|---|---|---|---|---|---|
| N/A | Paid | k12 | Internal Development | $70,000,000.00 | Investment in building state-of-the-art curricu... | View |
| N/A | Paid | k12 | Principals/Affili... | $0.00 | Compensation in securities (warrants/options) f... | View |
| 2006-01-01 | Received | Virtual public sc... | k12 | $0.00 | 91% of 2006 Estimated Revenue | View |
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