LC Financial Holdings (LCFH), a technology-driven credit specialist, has completed its acquisition of BCM Global (BCM), solidifying its position in managing consumer and SME loans, leases, and mortgages across Europe.
Established in 1998, LC Financial Holdings includes LCM Partners, an alternative credit investment manager in Europe, the Link Financial Group servicing companies, and LDMS, a technology provider specializing in the credit management sector.
The incorporation of BCM as the fourth pillar of the LCFH Group underscores the company’s dedication to innovation and excellence in serving its originator clients and investors.
BCM, with operations across Ireland, the UK, Italy, and the Netherlands, will become a crucial part of the LCFH family. BCM’s main business areas include commercial and residential mortgage origination and management services, banking administration activities outsourcing, and structured finance administration.
As a prominent independent mortgage, real estate, and commercial loan servicer in Europe, BCM will receive significant support from LCFH to expand its existing business lines and develop new services across the continent.
Paul Burdell, CEO of LCFH, expressed his enthusiasm about the strategic collaboration. He 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 €100 billion 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.
Antoinette Dunne, CEO of BCM, shared her thoughts on the new partnership: “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.
The 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.
Antoinette Dunne, CEO of BCM, 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.
