La Caisse Teams Up With Oakley Capital, Takes a Minority Stake in GLAS
Private Equity Insights reports Oakley Capital takes majority stake in GLAS alongside La Caisse: Oakley Capital has agreed to acquire a majority stake in Global Loan Agency Services, strengthening its exposure to infrastructure supporting the fast-growing private credit market The investment will be made alongside a minority stake from Canadian pension fund La Caisse. The UK-based private equity firm said its fund will contribute up to £55m, equivalent to about $73.9m, for its share of the transaction. Financial terms and the overall valuation of GLAS were not disclosed. However, Reuters reported last year that a sale of the business could value the company at around £1bn, or approximately $1.34bn. The stake is being acquired from US buyout firm Levine Leichtman Capital, which confirmed it has sold its holding in GLAS for an undisclosed sum. Levine Leichtman acquired its stake in the business in 2022 and will retain a small shareholding following the transaction. Founde...