GLAS, a Portfolio Company of Levine Leichtman Capital Partners, to Acquire Pristine

In a move that highlights their commitment to expanding their global reach, Global Loan Agency Services (GLAS), a portfolio company of Levine Leichtman Capital Partners (LLCP), has announced their agreement to acquire Pristine SAS (Pristine). GLAS, a leading provider of loan administration, agency, and trustee services worldwide, will further strengthen their capabilities through this strategic acquisition.

Headquartered in London, GLAS has offices in France, Germany, the United States, and Australia. The company has gained a strong reputation for their expertise in loan services. On the other hand, Pristine, founded in Paris in 2016, is a renowned asset and trust management firm, offering a range of services that support financial institutions and asset managers.

The acquisition of Pristine marks an important milestone for GLAS, as it represents their first acquisition following LLCP's investment. However, the transaction is still subject to regulatory approval and customary closing conditions.

Mia Drennan and Brian Carne, the Co-Founders of GLAS, expressed their excitement about partnering with Pristine. They emphasized how the two firms offer complementary services that will greatly benefit their expanded client base. Furthermore, they highlighted the relevance of Pristine's fiducie and management company services for their clients. Drennan and Carne warmly welcomed the Pristine team, stating that they are now officially part of the GLAS family.

Josh Kaufman, the Head of Europe at LLCP, also expressed his delight in supporting GLAS' acquisition of Pristine. He recognized the strategic significance of this initiative for GLAS and how Pristine's unique service offering will enhance and complement GLAS' capabilities. Kaufman reiterated LLCP's commitment to supporting the growth and success of GLAS, both through organic means and mergers and acquisitions.

The acquisition of Pristine aligns with GLAS' mission to provide comprehensive and exceptional loan administration, agency, and trustee services. By combining their expertise with Pristine's asset and trust management services, GLAS aims to further support their clients across the European market. This acquisition comes as a testament to GLAS' dedication to providing tailored and flexible investment structures.

As a portfolio company of Levine Leichtman Capital Partners Europe II, GLAS enjoys the support and guidance of their experienced and knowledgeable team. Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a proven track record of investing across various sectors. With a 39-year history, LLCP has managed approximately $13.3 billion of institutional capital and invested in over 100 portfolio companies.

LLCP received legal counsel from Willkie Farr & Gallagher LLP and Simmons & Simmons LLP throughout the acquisition process.

About Levine Leichtman Capital Partners

Levine Leichtman Capital Partners, LLC is a middle-market private equity firm known for its successful investments in various sectors including Franchising & Multi-unit, Business Services, Education & Training, and Engineered Products & Manufacturing. With their structured private equity investment strategy, LLCP combines debt and equity capital investments to provide tailored growth capital solutions to portfolio companies. This approach offers management teams a flexible investment structure that is often more attractive than traditional private equity options.

LLCP boasts a global team of dedicated investment professionals led by nine partners with an average tenure of 19 years at the firm. The company has managed approximately $13.3 billion of institutional capital across 15 investment funds and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Stockholm, The Hague, and Frankfurt. With $8.7 billion assets under management, LLCP continues to focus on driving growth and value creation for their portfolio companies.