Financial adviser to LCM on Brookfield’s additional minority investment.
On 23 August 2021, LCM Partners, one of Europe’s leading alternatives investment management firms, announced that Brookfield Asset Management, the global alternative asset manager had acquired a further 24.9% interest in the business through increasing its stake in LC Financial Holdings (the “Group”) which also owns the Link Financial pan-European loan servicing platform.
This incremental investment, increasing Brookfield’s minority interest to 49.9%, follows an initial purchase of 25% in the Group three years previously, in March 2018, further strengthening the strategic partnership between the two firms.
LCM is a leading European alternatives asset manager based in London, which specialises in buying whole loan consumer and SME credit portfolios. The firm offers unrivalled expertise in investing in and managing credit portfolios across performing, re-scheduled and non-performing loans.
LINK FINANCIAL GROUP
Link provides European financial institutions, investors and other credit providers with loan servicing, debt purchase and standby servicing solutions. Link manages approximately 4.5 million customer accounts and €50 billion of corresponding assets and employs some 950 people across 11 European offices.
Link was one of the founding members of the modern credit and collections industry in Europe and has been at the forefront of innovation ever since. Link’s proprietary operational platform allows its business to service a range of asset types from within and outside the financial services industry.
Brookfield Asset Management is a leading global alternative asset manager with over US$625 billion of assets under management across real estate, infrastructure, renewable power, private equity and credit. Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. Brookfield Asset Management is listed on the New York and Toronto stock exchanges under the symbols BAM and BAM.A, respectively.
SHP acted as financial adviser to LC Financial Holdings, the holding company for LCM and its sister business Link Financial.