LC Financial (LCFH) has finalised its acquisition of BCM Global (BCM), marking a significant milestone in its evolution as a technology-driven credit specialist.
This acquisition further reinforces LCFH’s position as a key player in the management of consumer and SME loans, leases, and mortgages throughout Europe.
LC Financial Holdings, founded in 1998, consists of LCM Partners, a prominent European alternative credit investment manager, the Link Financial Group, which specializes in servicing companies, and LDMS, a technology provider focusing on the credit management sector.
The addition of BCM as the fourth pillar of the LCFH Group underscores the company’s unwavering commitment to innovation and excellence in serving its originator clients and investors.
BCM’s operations, spanning multiple locations in Ireland, the UK, Italy, and the Netherlands, are set to become an integral part of the LCFH family.
LCFH CEO Paul Burdell said: “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 managing assets of over €100bn covering almost 7 million customers, serving 110 financial institutions across 10 jurisdictions with almost 2,000 dedicated professionals. We truly believe that this combination has huge benefits, most of all for the customers and organisations we serve.”
BCM is primarily engaged in commercial and residential mortgage origination and management services, outsourcing banking administration activities, and structured finance administration.
As a prominent European independent servicer for mortgages, real estate, and commercial loans, BCM is poised to benefit significantly from LCFH’s support to expand its existing business lines and develop new services across Europe.
BCM CEO Antoinette Dunne said: “Being a part of the LCFH Group ushers in a new era of growth and innovation for BCM. The partnership with LCFH brings a fresh perspective, a renewed emphasis on technological advancements and valuable support for both expanding current activities and venturing into new territories.
“Joining LCFH will redefine BCM’s business strategy, benefiting employees and forging new alliances while further improving the experiences of our existing client base.”
