Investcorp announces the sale of GL Education

Investcorp acquired GL Education in 2012 and has overseen an extensive transformation in the company, redefining GL Education's market by moving ... Skiptocontent Overview History ResponsibleBusiness Diversity,EquityandInclusion CorporateGovernance InvestorRelations Overview PrivateEquity RealEstate CreditManagement AbsoluteReturnInvestments StrategicCapital Infrastructure WhoWeAre WhoWeAre WhatWeDo WhatWeDo NewsandViews NewsandViews People People Back 29May2016 MohammedAlArdhi:afantasticsuccessstoryTransactionisInvestcorp’sseventhsuccessfulexitinEuropeinthelasttwelvemonths Investcorp,aglobalproviderandmanagerofalternativeinvestmentproducts,todayannouncesithasagreedthesaleofGLEducationtoprivateequityfirmLevineLeichtmanCapitalPartners(LLCP),inatransactiondescribedbyMohammedAlArdhi,ExecutiveChairmanofInvestcorp,asa“afantasticsuccessstory”intermsofvaluegrowthandgeographicexpansion. GLEducation,foundedin1981,isaleadingproviderofeducationalassessmentsglobally.Thecompany’sintegratedsuiteofassessmentsisusedtomeasurechildren’sability,tracktheirprogressinkeysubjects,anddiagnoseunderlyingfactorsaffectinglearning.GLEducation’stestsareusedbymorethanthreemillionpupilseveryyearinBritish,bilingualandinternationalschools,aswellasbyeducationministries,providingvaluableinsightstostudents,schoolsandglobaleducationsystemsalike. InvestcorpacquiredGLEducationin2012andhasoverseenanextensivetransformationinthecompany,redefiningGLEducation’smarketbymovingfromamainlypaper-basedproductbusinesstoadigital,bundledsolutionsbusinessmodelanddrivinginternationalgrowthacrosstheMiddleEastandAsiaPacific.Significantorganicgrowthhasbeencomplementedbyasuccessfulacquisitionstrategy.GLEducationacquiredtheinternationalrightstotheCognitiveAbilitiesTestin2013,allowingittoexpanditsmostpopularassessmentseriesintoaglobaloffering.In2014itacquiredTheTestFactorytosignificantlyenhanceitsdigitalcapabilitiesandin2015itacquiredLucidResearchtoexpanditsproductofferingintheareaofspecialeducationalneeds. MohammedAlArdhi,ExecutiveChairmanofInvestcorp,said:“GLEducation’sgrowthduringInvestcorp’sfouryearsofownershipisafantasticsuccessstory,andistestamenttoInvestcorp’sactiveandmulti-facetedapproachtocreatingvalueinitsportfoliocompanies.ItalsoreflectsourspecificexpertisewithintheeducationsectorandcomesafterouracquisitionlastyearofNobelLearning.OverthecourseofourpartnershipwithGLEducation,westrengtheneditsleadershipteam,executedfouradd-onacquisitions,enhanceditsdigitalserviceofferingsandaccelerateditsinternationalgrowth.WebelievethatGLEducationisverywellpositionedtogrowfurtherandcontinuetoachieveitsstrategicgoals.Wewishtheteamthebestofluckinthefuture” GregWatson,ChiefExecutiveofGLEducation,said:“ThroughoutourpartnershipwithInvestcorp,wehaveaccomplishedsomuchinarelativelyshortperiodoftime,noneofwhichwouldhavebeenpossiblewithouttheircommitmentandsupport.ThisnewphaseinGLEducation’sevolutionmarksanotherimportantmilestoneinourcompany’shistory.Ourhigh-qualityassessmentsenableteacherstodothebestpossiblejobforeveryindividualchild,usinghighlyreliable,independentinsightsdrivenbyrobustdata,andhavingestablishedastrongfootholdacrossseveraloverseasmarkets,welookforwardtothemanyopportunitiesthatlieaheadofus.” Investcorp’ssaleofGLEducationisitsseventhexitinEuropeinthelasttwelvemonths,followingtheflotationofAsiakastietoonNasdaqHelsinki;thesaleofDenmark’sIcopaltoGAF;thesaleofN&WtoLoneStarFunds;theultimatefullsaleofSkrillGrouptoOptimalPayments(nowrenamedPaysafeGroupplc);theflotationofSophosGroupplcontheLondonStockExchangeandthecompleteexitofaminoritystakeinsparepartdistributer,Autodistribution. InvestcorpwasadvisedonthetransactionbyRobertW.BairdandGibsonDunn&CrutcherLLP. 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