LC Financial Holdings completes acquisition of BCM Global for undisclosed sum
LC Financial Holdings (LCFH), a European credit specialist operating three financial services businesses, has completed the acquisition of BCM Global for an undisclosed sum.
LC Financial Holdings completes acquisition of BCM Global
With operations in Ireland, the UK, Italy and the Netherlands, BCM Global’s core business includes commercial and residential mortgage origination and management, as well as the outsourcing of banking administration activities and structured finance administration.
Through the acquisition, BCM Global will join LCFH as its fourth business. Its other businesses are LCM Partners, an alternative credit investment manager; Link Financial Group, a servicer of consumer, SME and leasing credit; and LDMS, a technology provider focusing on the credit management sector.
Additionally, BCM Global will receive “substantial support” from LCFH to expand its business lines and develop new services across Europe.
“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,” says Paul Burdell, CEO of LCFH.
“The combined strength of the LCFH Group, united with BCM, will be managing assets of over €100 billion covering almost 7 million customers, serving 110 financial institutions across 10 jurisdictions with almost 2,000 dedicated professionals,” Burdell adds.
For Antoinette Dunne, CEO of BCM, becoming part of 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.”
