2U, a global leader in online education, announced it has successfully completed its financial restructuring and emerged from Chapter 11 as a privately held entity. With this transaction complete, 2U now operates with a significantly strengthened balance sheet, firmly positioning the company to support leading universities in delivering high-impact, career-focused education essential for building a skilled global workforce. 2U moves forward with complete continuity of its operations and the full support of a deeply aligned new ownership group.
Latham & Watkins LLP represents 2U in the matter with a restructuring and special situations team led by New York partners George Davis, George Klidonas, and Anu Yerramalli, with associates Randall Weber-Levine, Scott Yousey, Thomas Fafara, Alexandra Lisner, Nikhil Gulati, Marty Lazzaro, Tess Winston, and Noah Morris. Advice was also provided on tax matters by Chicago partner Joseph Kronsnoble, with associate Lukas Kutilek; on benefits matters by New York counsel Rifka Singer, with associate Alisa Hand; on corporate matters by Washington, D.C. partners Patrick Shannon and Christopher Clark, and Washington, D.C. counsel Christopher Cronin, with associate Thalia Garcia; on finance matters by Washington, D.C. partners Melissa Fabian, Manu Gayatrinath, and Katherine Putnam, with associates Eleni Belay, Max Fin, Brian Herskowitz, and Katie Inglis; on real estate matters by New York partner Justin Elliott; on intellectual property matters by Washington, D.C. partner Morgan Brubaker; on insurance matters by San Diego partner Drew Gardiner, with associate John Niemeyer; and on litigation matters by Washington, D.C. partners Roman Martinez and Alice Fisher, New York partner Christopher Harris, Boston partner Betsy Marks, and Bay Area partner Melanie Blunschi, with associates Thomas Humphrey, Suzanne Schlossberg, and Danielle McCall.