Private Equity Firm Completes £1bn Deal

Introduction to the Deal

The private equity firm, Oakley Capital, has completed a £1bn deal to buy a majority stake in Global Loan Agency Service (GLAS), a fast-growing player in the global financial industry. GLAS specializes in providing debt management services.

Details of the Deal

Bank sources have revealed that La Caisse, a Canadian pension fund giant, has co-invested in the deal with Oakley Capital. The deal is expected to be announced publicly.

About Global Loan Agency Service (GLAS)

GLAS was founded in 2011 by Mia Drennan and Brian Carne. The company has grown into a highly profitable provider of loan administration and bond trustee services. Demand for its expertise has increased amid the explosion in the private credit sector of global finance in recent years.

Future Plans

Ms. Drennan is expected to continue to lead the company and remain a significant shareholder following the transaction. Oakley and La Caisse are acquiring their shares from Levine Leichtman Capital Partners, another private equity group. Levine Leichtman will also retain a small equity stake in GLAS.

Sale and Acquisition

The sale of GLAS was led by bankers at Baird and Deutsche Bank and is said to have attracted interest from some of the world’s largest buyout firms. Oakley Capital has been contacted for comment on the deal.