Oakley Capital Investments Ltd. on Monday unveiled plans to take control of a fast-growing pillar of the global credit infrastructure, agreeing to acquire a majority stake in finance specialist Global Loan Agency Services in a transaction valued at up to £55 million ($74 million).
The move underscores Oakley’s ambition to deepen its footprint in private credit, a market swelling like a rising tide as institutional capital pours in.
Deal Structure and Key Investors
In a statement, OCI said it will indirectly purchase the stake through Oakley Capital Fund VI, acquiring the interest from mid-market private equity firm Levine Leichtman Capital Partners. The exact size of the stake was not disclosed.
OCI added that La Caisse, the Canadian pension fund manager, plans to take a minority investment, while Levine Leichtman will retain a small residual holding in the business.
The transaction remains subject to customary closing conditions.
Advisers and Legal Teams
OCI is being advised by Simpson Thacher & Bartlett LLP, with a legal team led by partners James R. Howe and Chris Vallance. Baird and Deutsche Bank are acting as financial advisers to OCI. Counsel details for the other parties were not immediately available.
