GLAS supports acquisition of ILERNA by Jacobs Holding

GLAS is pleased to see the conclusion of Jacobs Holding’s acquisition of ILERNA from Skill & You. The acquisition was completed with the use of Senior Facilities to underpin the leveraged buyout.

The GLAS team in Spain acted as Agent and Security Agent on the acquisition, working alongside Jacobs Holding, the Lender’s Counsel A&O Shearman, and Financing Advisor Marlborough Partners.

Jacobs Holding will support ILERNA in their next phase of growth and help the organisation achieve their post-acquisition strategic priorities.

About ILERNA

ILERNA is a leading provider of high quality Spanish vocational training and education courses with centres throughout Spain.

ILERNA is responsible for training and educating over 45,000 students both in person and online, covering a wide range of subjects from health to hospitality and tourism.

About GLAS

GLAS was established in 2011 as an independent provider of institutional debt administration services. The company was originally created to provide the market a willing participant in complex loan restructuring transactions where many large institutions are reluctant to take swift and cooperative action. It offers a wide range of administration services developed specifically for the debt market.

GLAS is recognised as the premier independent, non-creditor, conflict-free provider of loan agency and bond trustee services, with excess of $450bn of assets under administration on a daily basis. For more information, please contact media@glas.agency.