Levine Leichtman Capital Partners said May 31 that it acquired GL Education. Financial terms weren’t announced. London-based GL provides educational assessments in the United Kingdom and Europe.
Levine Leichtman Capital Partners and Management Acquire GL Education
LOS ANGELES, CA–(Marketwired – May 31, 2016) – The London office of Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that it has partnered with management to acquire GL Education (“GL Education” or the “Company”), a leading London based provider of educational assessments in the United Kingdom and Europe. GL Education’s integrated suite of assessments is used by over 3 million pupils every year in over 100 countries worldwide, providing teachers with the tools they need to measure student progress and help raise the standards in children’s education.
According to Lauren Leichtman, Co-Founder and CEO of LLCP, “We are thrilled to partner with Greg Watson, CEO, Rob Dargue, CFO, and the rest of the management team who have built GL Education into the market leading provider of educational assessments globally, with a dominant position in the UK. We look forward to the continued growth and success of the business.”
Regarding the transaction, Greg Watson commented, “We are very excited about partnering with LLCP as we seek to further strengthen our market position, particularly internationally, by supporting students in their learning, schools in their teaching, and global education systems as they become more sophisticated. LLCP has a long history of being a value-added partner to its portfolio companies through their strategic, financial and M&A expertise, and I value their presence in the United States and experience in the UK education sector. I expect our partnership to contribute meaningfully to the continued growth of our business.”
For more information, visit http://www.llcp.com .
About Levine Leichtman Capital Partners
LLCP is a Los Angeles, California based 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., Levine Leichtman Capital Partners SBIC 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 has offices in Los Angeles, New York, Dallas, Chicago, London and The Hague.