LC Financial Holdings, a London, UK-based technology-driven credit company, acquired BCM Global, a European leader in mortgage, real estate, and commercial loan servicing.
The amount of the deal was not disclosed.
The acquisition aims to consolidate LCFH’s position in the management of consumer and SME loans, leases and mortgages across Europe.
Led by Antoinette Dunne, CEO, BCM is dedicated to providing service and solutions to its clients in the financial industry. Its core business lines encompass commercial and residential mortgage origination and management services, outsourcing of banking administration activities and structured finance administration. BCM’s operations, spanning sites in Ireland, the UK, Italy and the Netherlands, are to become an integral part of the LCFH family. The company will receive substantial support from LCFH to expand its existing business lines as well as develop new services across Europe.
Led by Paul Burdell, CEO, LC Financial Holdings comprises LCM Partners, one of Europe’s leading alternative credit investment managers, the Link Financial Group servicing companies, and LDMS, a technology provider focusing on the credit management sector.
FinSMEs
07/09/2023