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Announced

Completed

Levine Leichtman Capital completed the investment in GLAS.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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financial administration

Private

Friendly

agency

financial services

Minority

Private Equity

Acquisition

Completed

United Kingdom

Single Bidder

Consumer Lending

Cross Border

Synopsis

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Levine Leichtman Capital, a global private equity firm, completed the investment in GLAS, a provider of administration, agency and trustee services developed specifically for the credit markets, covering private credit, leveraged finance, capital markets and bankruptcy. Financial terms were not disclosed. "GLAS’s business has expanded significantly in the last decade as financial institutions increasingly utilize external providers of institutional debt administration services. The market clearly values GLAS’s commercial service, robust digital capabilities and ability to deliver high-quality outcomes. We look forward to supporting Mia, Brian and the leadership team during their next chapter of growth," Josh Kaufman, Levine Leichtman Managing Director.

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