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Announced

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LC Financial Holdings completed the acquisition of BCM Global from Link Group.

Synopsis

LC Financial Holdings, a technology-driven credit specialist, completed the acquisition of BCM Global, an independent loan and asset management service provider, from Link Group, a technology company. Financial terms were not disclosed. “Our strategic collaboration is expected to generate an expanded product portfolio, further operational efficiencies and even better client service for BCM in the years ahead. The combined strength of the LCFH Group, united with BCM, will be manging assets of over €100bn covering almost 7m customers, serving 110 financial institutions across 10 jurisdictions with almost 2k dedicated professionals. We truly believe that this combination has huge benefits, most of all for the customers and organisations we serve,” Paul Burdell, LC Financial Holdings CEO .

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