Exclusive Financial Advisor on the Sale of GL Education, portfolio company of Investcorp, to Levine Leichtman Capital Partners
In 2012 Investcorp acquired GL Education, an educational assessments provider, and began its transformation from a mainly paper-based product business to a digital, bundled solutions business model. Pursuing an acquisition strategy, the company expanded across the Middle East, Asia Pacific and the U.S. over the next few years. Following this dramatic growth, Investcorp wanted to access a global buyer universe and find an investor that could recognize and continue the Company’s tremendous success story. They hired Baird for the job due to the firm’s deep expertise in the Education and Training sectors, global buyer relationship and strong middle-market M&A practice. Baird’s cross-border deal team ran a competitive process. Ultimately, Levine Leichtman Capital Partners proved to be the best fit to continue GL Education’s growth story. The deal is one of the largest Education deals announced in Europe in 2016.