LONDON, May perhaps 11, 2022–(Business WIRE)–GLAS, the main unbiased provider of institutional financial debt administration products and services, is happy to announce it has been given a strategic financial investment from primary mid-current market personal equity organization Levine Leichtman Money Associates (“LLCP”). Phrases of the transaction had been not disclosed.
Headquartered in London, GLAS has more than 180 personnel across its worldwide places of work in the U.K., the U.S., France, Germany and Australia. Because its inception in 2011, GLAS has functioned as a hugely productive middleman between borrowers, loan providers and other offer parties in the world capital marketplaces. From 2020 to 2021, GLAS attained around 25% expansion in income and increased than 40% advancement in headcount.
GLAS was started by Mia Drennan and Brian Carne in 2011 to fill a gap in the marketplace, giving dealmakers with a commercial counterparty to action into complicated scenarios. These days, GLAS boasts a portfolio of about $130 billion of belongings that it solutions throughout its worldwide system, offering a wide array of companies to deal get-togethers in individual bankruptcy, private credit history, cash marketplaces and leveraged finance. In 2021, GLAS was highlighted in The Sunday Times’ Intercontinental Observe 200 as a single of Britain’s main private organizations with the swiftest-escalating international profits and the Monetary Times’ annual listing of Europe’s 1000 swiftest-escalating companies.
“Brian and I released GLAS with resolve and tenacity, knocking on hundreds of doorways in London right up until we had been hired on our 1st offer. I am truly humbled by what we have accomplished in excess of the past ten a long time alongside the amazing workforce we have assembled,” said Mia Drennan, Co-Chair and Group President at GLAS. “We continue to realize our mission of delivering a front place of work solution to a back again-office company. I am significantly very pleased of how we have created GLAS into a world wide disruptor in a extremely competitive market. As we go on to rethink and reinvent our companies in line with consumer requires, we are enthusiastic to use this financial commitment to solidify GLAS’s legacy as a actually international corporation and acknowledged market place chief.”
As loan market place members progressively depend on technological know-how to streamline deal procedures and modify to the greater complexity of transactions, the debt administration field demands to evolve. GLAS has served as a pioneer in the place, creating proprietary electronic devices and portals to automate jobs and centralize entry to info for deal get-togethers.
“Technological innovation has been a vital driver of our firm’s achievements and continues to be a priority for our clients,” GLAS Co-Chair and Common Counsel Brian Carne reported. “With this financial commitment, we look ahead to utilizing ideas to broaden our technological capabilities and create bespoke remedies to provide offer functions on the most sophisticated transactions. Our world advanced customers also need to have a provider service provider with a geographical and regulatory footprint that satisfies their demands, and we seem forward to continuing to develop that footprint with our new companions.”
“GLAS’s small business has expanded significantly in the last ten years as numerous financial establishments continue on to search at external providers of institutional credit card debt administration products and services,” claimed Josh Kaufman, Senior Running Director at LLCP. “The industry plainly values GLAS’s industrial support, robust electronic abilities and capacity to deliver large top quality outcomes. We look ahead to partnering with Mia, Brian and the leadership group during their following chapter of progress.”
GLAS co-founders Drennan and Carne will go on foremost the business in their roles as Group President and General Counsel, respectively.
Lincoln International LLC acted as financial advisor and Addleshaw Goddard LLP acted as lawful advisor to GLAS.
World wide Bank loan Agency Services Confined was set up in 2011 as an independent provider of institutional financial debt administration providers. The firm was initially created to give the current market a willing participant in elaborate mortgage restructuring transactions where by a lot of massive institutions are reluctant to get swift and cooperative action. It features a vast array of personal debt administration solutions produced specially for the debt industry, masking Private Credit rating, Leveraged Finance, Money Marketplaces and Personal bankruptcy. GLAS is recognised as the leading independent, non-creditor, conflict-absolutely free supplier of mortgage company and bond trustee products and services, with in extra of $130 billion of assets below administration on a every day foundation. For more details, be sure to call [email protected]
Levine Leichtman Funds Companions
Levine Leichtman Cash Partners, LLC is a mid-market private equity company with a 38-year keep track of report of investing throughout a variety of focused sectors, together with tech-enabled business providers, training, health care and engineered goods. LLCP utilizes a differentiated Structured Non-public Fairness financial commitment technique, combining personal debt and fairness money investments in portfolio corporations. This distinctive framework gives a much less dilutive resolution for management groups and business people, although offering expansion and money with a noticeably lower possibility profile.
LLCP’s worldwide staff of dedicated expense professionals is led by 9 partners who have worked at LLCP for an normal of 18 many years. Due to the fact inception, LLCP has managed somewhere around $12.8 billion of institutional money throughout 15 investment decision cash and has invested in in excess of 100 portfolio providers. LLCP at this time manages $8.8 billion of assets and has places of work in Los Angeles, New York, Chicago, Charlotte, Miami, London, Stockholm, The Hague and Frankfurt.
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