GL Education Group provides the tools to help raise standards in Children's education

Bahrain, March 19, 2012 - Investcorp, a leading global provider and manager of alternative investment products, announced today that it has acquired GL Education Group (GLE), the leading UK provider of non-regulated pupil and school assessment solutions for primary and secondary schools, from Veronis Suhler Stevenson, a private equity and debt capital firm focused on the information, education, media, marketing and business services industries in Europe and North America.  Terms of the transaction were not disclosed.

Based in London and founded in 1981, GLE, formerly Granada Learning Group, provides assessment products and services used by teachers to measure students' core abilities and to take decisions about their learning paths. The company comprises two business units, GL Assessment and GL Performance, which, together, deliver to more than 15,000 schools the tools to help raise standards in children's education. GL Assessment provides a complete picture of a pupil's abilities, motivations, strengths, anxieties, school-based relationships and future learning behaviours via its cognitive ability, subject/curriculum based and psychological assessment products.  GL Performance supports schools in their performance management by providing services such as school self-evaluation and stakeholder surveys, data interpretation and analysis services, and other professional development support.

Mohammed Al Shroogi, Investcorp's President for Gulf Business said: "GLE is a leader in this niche market and enjoys an established reputation for high-quality assessment resources and services.

"With products used in 100 countries, GLE benefits from a very stable market underpinned by increasing demand for assessment products and services.  In this dynamic and fast changing world, the development of the pupils' core skills is as important as it has ever been.  We believe GLE has a huge growth potential in the UK and globally and are excited to be part of its future successes."

Adrian Eaglestone, Managing Director of GLE, said: "Investcorp has a track record of assisting its portfolio companies in reaching their potential internationally and is a highly complementary partner for us.  We see significant opportunity for growth in our core markets, as well as in international markets, plus the potential to accelerate our growth through further acquisitions. This transaction provides us with a strong capital base and partner to pursue these opportunities."

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About the GL Education Group
The GL Education Group (GLE) is a leading provider of integrated assessments, stakeholder surveys, self-evaluation systems and professional development services.  Its resources and services provide teachers with the tools they require to help raise standards in our children's education.  The GL Education Group consists of two divisions.  GL Assessment provides assessment solutions for children's education, mental health and wellbeing.  Its portfolio includes CAT, YARC and PASS.  GL Performance helps school leadership teams to maximise school improvement.  Its solutions include Kirkland Rowell Surveys, Professional Development Services and Schoolcentre.  www.granada-learning.com.

About Investcorp
Investcorp is a leading provider and manager of alternative investment products.  It has offices in Kingdom of Bahrain, New York and London and is publicly traded on the Bahrain Bourse (INVCORP).  Investcorp has three business areas: corporate investment largely in the US, Europe and the Gulf, real estate investment in the US and global hedge funds.  As at December 31, 2011, Investcorp had $11.6 billion in assets under management. www.investcorp.com.

Media Contacts:
Investcorp (Bahrain)
Firas El Amine
+973 3998 7838
felamine@Investcorp.com
Brunswick Gulf Ltd
Jeehan Balfaqaih
+971 4 446 6270
jbalfaqaih@brunswickgroup.com

© Press Release 2012