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IN BRIEF: Oakley Capital fund to buy stake in debt services firm GLAS

ALN

Oakley Capital Investments Ltd - provider of exposure to the education, technology, consumer and business service sectors through investments in Oakley Capital funds - Says Oakley Capital Fund VI agrees to acquire a majority stake in Global Loan Agency Services Ltd, also referred to as GLAS, a provider of loan administration and bond trustee services in the non-bank loan agency & corporate trust market. Says OCI’s indirect contribution via Fund VI is expected to be up to around £55 million. Oakley Capital invests alongside La Caisse, which takes a minority stake, while Levine Leichtman Capital Partners LLCP retains a small holding. GLAS, founded in 2011 and headquartered in London, oversees more than $750 billion of assets and operates across Europe, the Americas, APAC and the Middle East. Says GLAS will continue to be led by Founder & Chief Executive Officer Mia Drennan, with Oakley supporting international expansion, acquisitions and further development of its technology and AI capabilities.

Current stock price: 565.00 pence

12-month change: up 13%

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