IN BRIEF: Oakley Capital fund to buy stake in debt services firm GLAS
Oakley Capital Investments Ltd - provider of exposure to the education, technology, consumer and business service sectors through investments in Oakley Capital funds - Says Oakley Capital Fund VI agrees to acquire a majority stake in Global Loan Agency Services Ltd, also referred to as GLAS, a provider of loan administration and bond trustee services in the non-bank loan agency & corporate trust market. Says OCI's indirect contribution via Fund VI is expected to be up to around GBP55 million. Oakley Capital invests alongside La Caisse, which takes a minority stake, while Levine Leichtman Capital Partners LLCP retains a small holding. GLAS, founded in 2011 and headquartered in London, oversees more than USD750 billion of assets and operates across Europe, the Americas, APAC and the Middle East. Says GLAS will continue to be led by Founder & Chief Executive Officer Mia Drennan, with Oakley supporting international expansion, acquisitions and further development of its technology and AI capabilities. Read More