LC Financial Holdings (LCFH), a technology-driven credit specialist, has successfully completed its acquisition of BCM Global (BCM), a company that specializes in managing consumer and SME loans, leases, and mortgages across Europe. This strategic move solidifies LCFH’s position in the market and showcases its dedication to innovation and excellence in serving its clients and investors.
Established in 1998, LC Financial Holdings is a prominent player in the credit management sector. It comprises LCM Partners, an alternative credit investment manager in Europe, the Link Financial Group, which provides servicing solutions to companies, and LDMS, a technology provider specializing in credit management.
With operations across Ireland, the UK, Italy, and the Netherlands, BCM will now become a crucial part of the LCFH family. The company’s core business areas include commercial and residential mortgage origination and management services, banking administration activities outsourcing, and structured finance administration.
As a leading independent servicer in Europe, BCM will receive significant support from LCFH to expand its existing business lines and develop new services across the continent. This partnership is expected to generate an expanded product portfolio, operational efficiencies, and enhanced client service for BCM in the years to come.
Paul Burdell, CEO of LCFH, expressed his excitement about the strategic collaboration, stating that the combined strength of the LCFH Group and BCM will manage assets of over €100 billion, serving almost 7 million customers and 110 financial institutions across 10 jurisdictions. This collaboration is expected to bring immense benefits to the customers and organizations they serve.
Antoinette Dunne, CEO of BCM, also shared her enthusiasm for the partnership, highlighting the new era of growth and innovation it will bring for BCM. The collaboration with LCFH will bring a fresh perspective, emphasize technological advancements, and provide valuable support for expanding current activities and venturing into new territories.
Overall, this acquisition represents a significant step forward for both LCFH and BCM, promising a brighter future for their clients, employees, and the broader financial industry across Europe.
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