Investcorp Snags Student Assessment Co. From PE Firm

Law360, New York (March 19, 2012, 7:10 PM EDT) -- London-based alternative investments specialist Investcorp International Ltd. announced Monday it has picked up a British student assessment company from private equity firm Veronis Suhler Stevenson for an undisclosed amount.

Investcorp, an affiliate of Bahrain's Investcorp Bank BSC, acquired GL Education Group, which provides cognitive, psychological and academic aptitude evaluations to 15,000 schools in the U.K., according to parallel statements the companies issued Monday.

Investcorp did not disclose financing terms.

"GLE is one of the leading businesses in the high-stakes education assessment market," VSS partner Morgan Callagy...
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