#USA #Levine Leichtman #London #Global Loan Agency Services #Oakley Capital

Announcement of Sale by Levine Leichtman Capital Partners

Levine Leichtman Capital Partners (LLCP) has made waves in the financial market with its recent announcement of the sale of its portfolio company, Global Loan Agency Services (GLAS), to Oakley Capital, a prominent private investment firm based in Europe. This significant transaction, revealed on January 5, 2026, is set to reshape the landscape of credit agency services in global markets.

Overview of GLAS

Founded with a mission to deliver critical credit solutions, GLAS has established itself as a leader in providing independent loan agency and trust services across the globe. With its headquarters located in London, GLAS specializes in facilitating complex financing structures for a diverse clientele that includes both lenders and borrowers. The company has become synonymous with reliability and expertise in managing consortium loans, direct lending arrangements, and capital market transactions, attracting clients from all corners of the world.

Growth Under LLCP's Ownership

LLCP’s stewardship over GLAS has been marked by impressive growth. When LLCP took ownership in 2021, GLAS managed approximately $120 billion in assets. Fast forward to the present, and that figure has skyrocketed to over $750 billion. This remarkable expansion can be attributed to various strategic initiatives implemented by GLAS, including geographic expansion into new markets, the introduction of innovative service offerings, and substantial technology investments aimed at enhancing operational efficiency and customer experience.

Josh Kaufman, a partner and head of LLCP Europe, acknowledged GLAS's strong performance, emphasizing the firm's dedication to supporting the management team, led by Mia Drennan, as they built a market-leading independent loan agency. Kaufman expressed his pride in the partnership, stating, "GLAS has exemplified success for the European LLCP franchise, and we look forward to their future accomplishments with Oakley Capital."

Future Prospects with Oakley Capital

Mia Drennan, the founder and CEO of GLAS, emphasized the invaluable support from LLCP during a phase of unprecedented growth. In welcoming Oakley Capital as their new partner, Drennan expressed eagerness about accelerating GLAS’s global market leadership and taking the company to new heights.

The sale of GLAS marks LLCP Europe II SCSp's second exit, successfully aligning with the firm's strategy to create value in its investments. Financial advisors Deutsche Bank AG and Robert W. Baird Limited played key roles in facilitating this agreement, while Willkie Farr Gallagher (UK) LLP served as the legal advisor for both LLCP and GLAS in this deal.

About Levine Leichtman Capital Partners

LLCP is a seasoned private equity firm with over four decades of experience in investing across various industries, including business services, franchising, education, and engineered products. With a differentiated structured private equity investment strategy, LLCP uniquely combines debt and equity investments, allowing management teams access to capital in a highly tailored and flexible investment framework that often presents a more attractive alternative to traditional private equity.

As of now, LLCP is managing assets worth $12.6 billion, with a global presence and offices in major financial hubs including Los Angeles, New York, Chicago, London, Stockholm, and Frankfurt.

This high-profile transaction not only positions Oakley Capital to enhance its financial services portfolio but also reflects LLCP's ability to identify and nurture valuable assets in the financial sector. With both firms prepared to embark on their new journey together, the future looks promising for all stakeholders involved in this transformative sale.