Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, is to sell its portfolio company GL Education to Renaissance, a portfolio company of Blackstone Group and Francisco Partners. Financial terms of the transaction have not been disclosed.
Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, is to sell its portfolio company GL Education to Renaissance, a portfolio company of Blackstone Group and Francisco Partners. Financial terms of the transaction have not been disclosed.
Founded in 1980 and based in London, England, GL Education (known in the UK and Ireland as GL Assessment), delivers over nine million assessments annually to schools and school groups in over 100 countries, providing educators with an accurate measure of their students’ abilities and academic progress, as well as identifying any barriers to learning they may have.
Completion of the sale, which is LLCP’s sixteenth successful exit since March 2020, is expected by the end of the first quarter of 2023.
Baird and Willkie Farr & Gallagher advised LLCP and GL Education on the transaction.
