LC Financial Holdings (LCFH) has completed its acquisition of BCM Global, a European credit specialist, expanding its financial services portfolio and strengthening its presence across multiple European countries.
Facts
- LC Financial Holdings (LCFH) has successfully acquired BCM Global, a European credit specialist, in an undisclosed deal.
- BCM Global operates in Ireland, the UK, Italy, and the Netherlands, primarily focusing on commercial and residential mortgage origination, banking administration outsourcing, and structured finance administration.
- BCM Global is the fourth addition to LCFH’s portfolio of businesses, which includes LCM Partners (an alternative credit investment manager), Link Financial Group (a servicer of consumer, SME, and leasing credit), and LDMS (a technology provider for the credit management sector).
- LCFH plans to provide substantial support to BCM Global, enabling the expansion of its business lines and the development of new services throughout Europe.
- The strategic collaboration between LCFH and BCM Global is expected to result in an expanded product portfolio, increased operational efficiencies, and improved client service.
- The combined strength of LCFH and BCM Global will oversee assets worth over €100 billion, serving nearly 7 million customers and 110 financial institutions across 10 jurisdictions with a team of almost 2,000 professionals.
- Antoinette Dunne, CEO of BCM, anticipates that this partnership with LCFH will bring fresh perspectives, technological advancements, and valuable support for both current and new endeavors, ultimately benefiting employees and clients alike.
