Jamieson is pleased to announce it has advised Mia Drennan (Founder & CEO) and the Management team of GLAS on its new partnership with Oakley Capital and La Caisse (formerly CDPQ).
Under the agreement, Oakley has acquired a majority stake in GLAS from Levine Leichtman Capital Partners (LLCP). La Caisse takes a minority position, and LLCP retains a small stake. Together, the investors will help GLAS accelerate international expansion, pursue M&A, and continue enhancing its technology and AI capabilities.
Founded with just £6,000 of capital in late 2011 by Mia Drennan and Brian Carne, GLAS is a global provider of loan administration and bond trustee services. With an international platform spanning the UK, Europe, the Americas, APAC, and the Middle East, GLAS manages over $750 billion in assets. The private credit market it serves exceeds $2.4 trillion and is expected to surpass $4.5 trillion by 2030. GLAS will continue to be led by Mia Drennan, alongside the existing executive team, including Ethan Levner, Chief Financial Officer, and Joanne Brooks, Chief Commercial Officer.
“Jamieson really listened to the requirements to create and maximise value for our global employee pool, alongside the wider Leadership Team. David and Alex absolutely stepped up, when it counted over the Xmas holidays and was able to ensure that we had alignment with all shareholders (old and new) when it really counted” – Mia Drennan, Founder & CEO
Stuart Coventry, David Kirkpatrick and Alexander Wilson advised the management team on the terms of their continued shareholding and equity incentives in the business with the Investment from Oakley and La Caisse.
