Published by Global Banking and Finance Review
Posted on January 4, 2026
Jan 5 (Reuters) - Private equity firm Oakley Capital will acquire a majority stake in debt administration services provider Global Loan Agency Services, alongside a minority investment from Canadian pension fund La Caisse, it said on Monday.
The British firm did not specify how much the deal valued GLAS at, but said its indirect contribution for its share of investment was expected to be up to roughly 55 million pounds ($73.9 million) through one of its funds.
Reuters had reported in September last year that the owner of GLAS, U.S. buyout firm Levine Leichtman Capital, was exploring selling its stake in the company, adding that a sale of Levine's stake could value GLAS at 1 billion pounds ($1.34 billion).
London-headquartered GLAS provides administration services specifically for the debt market, covering private credit, leveraged finance, capital markets and bankruptcy.
It was founded in 2011 and has over $700 billion of assets under administration, according to its website.
In a separate statement on Monday, Levine Leichtman said that it had sold its stake in GLAS to Oakley for an undisclosed sum. Levine Leichtman had acquired its stake in 2022.
Oakley said that Levine Leichtman will retain a small shareholding in GLAS, with CEO and Founder Mia Drennan continuing to lead the company, alongside the existing executive management team.
"Oakley has a strong track record supporting global market leaders, and we are excited about the opportunities this partnership, alongside La Caisse, will unlock for GLAS," Drennan said in a statement.
Sky News first reported the deal on Sunday.
($1 = 0.7451 pounds)
(Reporting by Rishabh Jaiswal, Ankita Bora and Pushkala Aripaka in Bengaluru; Editing by Edmund Klamann, Chizu Nomiyama and Louise Heavens)
Private equity refers to investment funds that buy and restructure companies that are not publicly traded. Investors in private equity typically seek to improve the company's financial performance and eventually sell it for a profit.
Debt instruments are financial assets that represent a loan made by an investor to a borrower. They include bonds, loans, and mortgages, where the borrower is obligated to pay back the principal amount along with interest.
A majority stake refers to owning more than 50% of a company's shares, giving the stakeholder significant control over company decisions and operations.
Asset administration involves managing and overseeing a portfolio of assets, ensuring they are properly maintained, valued, and reported. This is crucial for financial institutions and investment firms.
Leveraged finance refers to loans or debt instruments that are extended to companies or individuals that already have considerable amounts of debt. These are often used for acquisitions or other significant investments.
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