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New Deal


Announced

Levine Leichtman-backed Global Loan Agency Services to acquire Pristine.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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asset management

France

Asset Managers and Custodians

Acquisition

Cross Border

Majority

Private

Private Equity

Pending

Friendly

Single Bidder

Synopsis

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Levine Leichtman-backed Global Loan Agency Services, a provider of loan administration, agency, and trustee services globally, agreed to acquire Pristine, an asset and trust management firm. Financial terms were not disclosed. “We are delighted to partner with Pristine as the firms offer complementary services that will be highly valued by our enlarged client base. Pristine’s capabilities in fiducie and management company services will be very relevant for our clients. We are excited to welcome the Pristine team into the GLAS family,” Mia Drennan and Brian Carne, GLAS Co-Founders.

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