Bringing the “G” to LAS: GLAS signs agreement to acquire LAS
London (8th January 2026) – Global Loan Agency Services (GLAS), the premier independent provider of institutional debt administration services, has completed their acquisition of Loan Agency Services (LAS), Italy’s leading debt administration provider.
This marks GLAS’ fifth European and tenth global jurisdiction, with complementary transactions in France, Hong Kong and Singapore taking place in the last eighteen months.
With an already robust customer base in Italy, this expansion will further bolster GLAS’ ability to provide industry-leading services. The company has worked on some of the market’s largest transactions in recent times including Sino Ocean and Atos, as well as the refinancing of Dainese Group and the 1 billion euro refinancing of DOC Pharma in Italy.
This follows an announcement earlier this week that GLAS had secured investment from two new strategic partners: Oakley Capital, a leading European mid-market private equity firm, and La Caisse, one of Canada’s largest institutional investors (formerly CDPQ). This is GLAS’ fourth acquisition under previous investor Levine Leichtman Capital Partners (LLCP).
This investment, as well as GLAS’ recent acquisitions, has helped the company’s assets under administration grow to over US$750bn, with 40% organic growth, over £115m+ in annual revenue, 14 offices worldwide and now over 450 staff.
Founder of LAS, Isidoro Lucciola will remain as Chair of GLAS Italy and will also work alongside the broader GLAS Executive Team to further develop strategic opportunities. CEO Roberto Mugnaioli will stay on and oversee operations in Milan and Rome.
Mia Drennan, Founder and CEO of GLAS, said:
“We are thrilled to bring LAS into the GLAS family. We have been servicing the Italian market for many years from our other European offices, so it is fantastic to now have a local team of 30 in Rome and Milan.
This news marks the tenth country across the global GLAS network and culminates the most successful year the company has ever had.
Our clients can look forward to an enhanced service offering in the region, as well as an expansion of our services through LAS’s current capabilities.”
Isidoro Lucciola, Founder and Chair of LAS, commented:
“When we launched Loan Agency Services fifteen years ago, our vision was to create an operator that could truly support the financial infrastructure of our country.
Today, we are the leading independent provider of agency services and credit-monitoring tools in Italy with more than 52 billion euro of loans under administration over time. But it has become clear that the next step is to broaden our reach and service offering.
By joining forces with the world leader, GLAS, we can now do exactly that. The acquisition will bring additional benefits to all our stakeholders, and we are genuinely excited to begin this new phase of development of our company.”
About LAS
LAS was founded in 2010 and offers the Italian market a range of services across debt administration. It has offices in both Rome and Milan and over €52bn in credit lines.
About GLAS
GLAS was established in 2011 and is the premier independent, non-creditor, conflict-free provider of institutional debt administration services covering the global private and public credit markets.
GLAS, which services in excess of US$750bn of assets under administration, is headquartered in London and has operations in the US, France, Germany, Spain, the UAE, Singapore, Hong Kong and Australia.
For more information, please contact media@glas.agency.
