Investcorp, a global provider and manager of alternative investment products, announces it has agreed the sale of GL Education to private equity firm Levine Leichtman Capital Partners (LLCP), in a transaction described by Mohammed Al-Ardhi, executive chairman of Investcorp, as a “a fantastic success story” in terms of value growth and geographic expansion.
GL Education, founded in 1981, is a major provider of educational assessments globally. The company’s integrated suite of assessments is used to measure children’s ability, track their progress in key subjects, and diagnose underlying factors affecting learning.
GL Education’s tests are used by more than three million pupils every year in British, bilingual and international schools, as well as by education ministries, providing valuable insights to students, schools and global education systems alike.
Investcorp acquired GL Education in 2012 and has overseen an extensive transformation in the company, redefining GL Education’s market by moving from a mainly paper-based product business to a digital, bundled solutions business model and driving international growth across the Middle East and Asia Pacific. Significant organic growth has been complemented by a successful acquisition strategy. GL Education acquired the international rights to the Cognitive Abilities Test in 2013, allowing it to expand its most popular assessment series into a global offering. In 2014 it acquired The Test Factory to significantly enhance its digital capabilities and in 2015 it acquired Lucid Research to expand its product offering in the area of special educational needs.
GL Education, founded in 1981, is a major provider of educational assessments globally. The company’s integrated suite of assessments is used to measure children’s ability, track their progress in key subjects, and diagnose underlying factors affecting learning.
GL Education’s tests are used by more than three million pupils every year in British, bilingual and international schools, as well as by education ministries, providing valuable insights to students, schools and global education systems alike.
Investcorp acquired GL Education in 2012 and has overseen an extensive transformation in the company, redefining GL Education’s market by moving from a mainly paper-based product business to a digital, bundled solutions business model and driving international growth across the Middle East and Asia Pacific. Significant organic growth has been complemented by a successful acquisition strategy. GL Education acquired the international rights to the Cognitive Abilities Test in 2013, allowing it to expand its most popular assessment series into a global offering. In 2014 it acquired The Test Factory to significantly enhance its digital capabilities and in 2015 it acquired Lucid Research to expand its product offering in the area of special educational needs.
