Levine Leichtman Capital Partners and ... - GlobeNewswire

GL Education's integrated suite of assessments is used by over 3 million pupils every year in over 100 countries worldwide, providing teachers ... LevineLeichtmanCapitalPartnersandManagementAcquireGLEducation May31,201605:00ET |Source: LevineLeichtmanCapitalPartners LevineLeichtmanCapitalPartners LOSANGELES,CA--(Marketwired-May31,2016)-TheLondonofficeofLevineLeichtmanCapitalPartners("LLCP"),aLosAngeles-basedprivateequityfirm,announcedtodaythatithaspartneredwithmanagementtoacquireGLEducation("GLEducation"orthe"Company"),aleadingLondonbasedproviderofeducationalassessmentsintheUnitedKingdomandEurope.GLEducation'sintegratedsuiteofassessmentsisusedbyover3millionpupilseveryyearinover100countriesworldwide,providingteacherswiththetoolstheyneedtomeasurestudentprogressandhelpraisethestandardsinchildren'seducation. AccordingtoLaurenLeichtman,Co-FounderandCEOofLLCP,"WearethrilledtopartnerwithGregWatson,CEO,RobDargue,CFO,andtherestofthemanagementteamwhohavebuiltGLEducationintothemarketleadingproviderofeducationalassessmentsglobally,withadominantpositionintheUK.Welookforwardtothecontinuedgrowthandsuccessofthebusiness." Regardingthetransaction,GregWatsoncommented,"WeareveryexcitedaboutpartneringwithLLCPasweseektofurtherstrengthenourmarketposition,particularlyinternationally,bysupportingstudentsintheirlearning,schoolsintheirteaching,andglobaleducationsystemsastheybecomemoresophisticated.LLCPhasalonghistoryofbeingavalue-addedpartnertoitsportfoliocompaniesthroughtheirstrategic,financialandM&Aexpertise,andIvaluetheirpresenceintheUnitedStatesandexperienceintheUKeducationsector.Iexpectourpartnershiptocontributemeaningfullytothecontinuedgrowthofourbusiness." Formoreinformation,visithttp://www.llcp.com. AboutLevineLeichtmanCapitalPartners LLCPisaLosAngeles,Californiabasedprivateinvestmentfirmthathasmanagedapproximately$7.5billionofinstitutionalcapitalsinceitsinception.LLCPinvestsinmiddlemarketcompanieslocatedintheUnitedStatesandEurope.LLCPiscurrentlymakingnewinvestmentsthroughLevineLeichtmanCapitalPartnersV,L.P.,LevineLeichtmanCapitalPartnersSBICFund,L.P.,LevineLeichtmanCapitalPartnersPrivateCapitalSolutions,L.P.,LevineLeichtmanCapitalPartnersEurope,L.P.andLLCPCo-InvestmentFund,L.P.LLCPhasofficesinLosAngeles,NewYork,Dallas,Chicago,LondonandTheHague. ContactInformation: DavidWolmer 310-275-5335