#Levine Leichtman #Oakley Capital #Global Loan Agency

Levine Leichtman Capital Partners Sells Global Loan Agency Services

Levine Leichtman Capital Partners (LLCP) announced a strategic agreement to sell its portfolio company, Global Loan Agency Services (GLAS), to the European private equity firm, Oakley Capital. This transaction marks a major step in LLCP's investment portfolio, highlighting its successful investment strategy over the past years.

Overview of the Transaction

The details of the financial arrangement remain undisclosed, and the completion of this sale hinges on regulatory approvals. GLAS, headquartered in London, stands out as a leading independent provider of loan agency and trustee services in the global debt markets. The firm has established itself as a key partner for lenders and borrowers involved in syndicated loans, direct loans, and capital market transactions, thereby increasing its market credibility.

Under LLCP's guidance, GLAS has seen substantial growth, with managed assets skyrocketing from around $120 billion in 2021 to over $750 billion today. This impressive growth trajectory can be attributed to geographical expansion, innovative service offerings, strategic investments in technology for greater operational efficiency, and vital acquisitions.

Remarks from Leadership

Josh Kaufman, Partner and Head of LLCP Europe, expressed his pride in GLAS's achievements during LLCP's stewardship. He stated, "GLAS has been a flagship outcome for LLCP's European franchise due to its outstanding performance. We are extremely thankful and proud to have supported Mia Drennan and her management team in building a leading independent loan agency on the global stage. We look forward to seeing their ongoing growth and future success with their new partner."

Mia Drennan, the Founder and CEO of GLAS, also conveyed her gratitude towards LLCP for their steadfast support and collaboration during this unprecedented growth phase. She is optimistic about their future with Oakley Capital: "As we welcome Oakley Capital as our new partner, we look forward to accelerating our leadership in the global market and taking our business to the next level."

The Implications of this Sale

This sale represents LLCP's second exit from its Europe II SCSp strategy, emphasizing the firm’s commitment to returning value to its investors while promoting the growth potential of its portfolio companies. Deutsche Bank AG and Robert W. Baird Limited acted as joint financial advisors for this transaction, while Willkie Farr & Gallagher (UK) LLP served as legal counsel for both LLCP and GLAS.

About Levine Leichtman Capital Partners

Founded 41 years ago, Levine Leichtman Capital Partners is a mid-market private equity firm that invests in various targeted sectors, including business services, franchising, education, and engineering products. LLCP employs a unique strategy known as