February 28, 2023

On February 21, Willkie client Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, announced it agreed to sell its portfolio company GL Education to Renaissance, a portfolio company of Blackstone Group and Francisco Partners. 
UK-based GL Education was established in 1980 to help educators ensure children realize their full potential with a “whole-child” approach to formative assessment. Today, it delivers over 9 million assessments annually to schools and school groups in over 100 countries, providing educators with an accurate measure of their students’ abilities and academic progress—as well as identifying potential barriers to learning. Founded in 1986, Renaissance is a leading education technology  provider, specializing in pre-K–12 education.
LLCP is a middle-market private equity firm with approximately $8.6 billion of assets under management and a 39-year track record of investing across various targeted sectors, including franchising, business services, education and engineered products.
The Willkie team was led by partners David Arnold and Andy Gray and included partner Komal Raina and associate Megan Gairns.