Levine Leichtman Capital Partners Finalizes Global Loan Agency Sale to Oakley Capital

On January 5, 2026, Levine Leichtman Capital Partners (LLCP) made headlines by announcing the sale of its significant portfolio company, Global Loan Agency Services (GLAS), to Oakley Capital. This strategic decision marks another step in LLCP's growth strategy and reflects the success of GLAS in the loan agency sector.

A Growing Leader in Loan Agency Services

Headquartered in the vibrant financial hub of London, GLAS has established itself as a top player in providing independent loan agency and trustee services for global debt markets. The company's extensive portfolio includes critical solutions for lenders and borrowers involved in syndicated loans, direct lending, and broader capital market transactions. GLAS’s trusted expertise has positioned it as a partner of choice for complex financing structures, further solidifying its reputation in the industry.

Impressive Growth Trajectory

Since LLCP acquired GLAS, the company has witnessed remarkable growth, with assets under administration soaring from approximately $120 billion in 2021 to an impressive $750 billion today. This exceptional expansion can be attributed to several key factors, including geographic diversification, the introduction of innovative service offerings, and substantial investments in technology aimed at improving efficiency and client satisfaction. Additionally, GLAS has pursued strategic acquisitions that have solidified its market position and facilitated its rapid growth.

Josh Kaufman, Partner and Head of LLCP Europe, expressed satisfaction with the deal, noting that GLAS represents a flagship success story for LLCP’s European operations. Kaufman elaborated, "We are extremely grateful and proud to have supported Mia Drennan and her management team in building the market-leading independent loan agency provider. The future looks bright for GLAS under its new ownership."

Mia Drennan, the Founder and CEO of GLAS, acknowledged the pivotal role of LLCP’s support during a period of unprecedented growth, stating, "We are excited to welcome Oakley Capital as our new partner and look forward to accelerating our global market leadership and expanding the business even further."

The Sale’s Impact and Future Directions

This transaction marks LLCP Europe II SCSp’s second exit and underscores the robust performance of GLAS in the competitive financial services landscape. As the deal awaits regulatory approvals, both LLCP and Oakley Capital are poised to reap the benefits of this arrangement.

Deutsche Bank AG and Robert W. Baird Limited acted as joint financial advisors for the transaction, while Willkie Farr & Gallagher (UK) LLP provided legal counsel to both LLCP and GLAS.

About LLCP

Levine Leichtman Capital Partners, LLC, a seasoned middle-market private equity firm, boasts a 41-year history in various strategic sectors, including business services, franchising, education, and engineered products. LLCP employs a unique Structured Private Equity investment strategy that synergizes debt and equity investments, allowing it to offer flexible capital solutions to growth-oriented companies. With a team of dedicated investment professionals, LLCP has managed approximately $18.1 billion in capital across nearly 20 investment funds and has a diverse portfolio of around 120 companies.

In conclusion, the successful sale of GLAS not only highlights LLCP’s strategic foresight but sets the stage for GLAS's future endeavors under the guidance of Oakley Capital. The monetary specifics of the transaction remain undisclosed, but the implications for GLAS and the loan agency market are promising.