Deal Details

Sale to Levine Leichtman Capital Partners

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Summary

About

GL Education (“GL Education” or the “Company”), a portfolio company of the Investcorp Group (“Investcorp”), was recently acquired by Levine Leichtman Capital Partners (“LLCP”). Terms of the transaction were not disclosed.

GL Education, founded in 1981, is a leading provider of educational assessments globally. The Company’s integrated suite of assessments is used to measure children’s ability, track their progress in key subjects, and diagnose underlying factors affecting learning. GL Education’s tests are used by more than three million pupils every year in British, bilingual and international schools, as well as by education ministries, providing valuable insights to students, schools and global education systems alike. The Company is headquartered in London, the United Kingdom.

Investcorp is a leading provider and manager of alternative investment products, serving high-net-worth private and institutional clients. Investcorp has three business areas: corporate investment, real estate investment and global hedge funds. As at December 31, 2015, the Investcorp Group had $10.7 billion in total assets under management.

LLCP is a private investment firm that has managed approximately $7.5 billion of institutional capital since its inception. LLCP invests in middle market companies located in the United States and Europe. LLCP is currently making new investments through Levine Leichtman Capital Partners V, L.P., LLCP Lower Middle Market Fund, L.P., Levine Leichtman Capital Partners Private Capital Solutions, L.P., Levine Leichtman Capital Partners Europe, L.P. and LLCP Co-Investment Fund, L.P. LLCP is headquartered in Los Angeles, California, with offices in New York, Dallas, Chicago, London and The Hague.

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