Asset management firm to acquire 25% stake in Link Financial Group

Under the terms of the agreement, Brookfield will acquire a 25 percent stake in Link Financial Group, which comprises both LCM and its sister companies, which operate a pan-European loan servicing platform. 

The agreement also proposes the option for Brookfield to acquire another 24.9 percent interest of Link over time. 

Paul Burdell, chief executive of LCM and Link Financial Group, said Brookfield is the ideal partner to grow the business due to its global network, strong distribution and capital strength.

Ralf Rank, managing partner at Brookfield, said: "We look forward to working closely with LCM’s management team to support the growth of its platform via expansion into new markets, diversification of its product offering, and through pursuing investment opportunities leveraging the capabilities of both firms." 

Link Financial Group will continue to operate independently under the leadership of the existing management team.

The transaction, which is expected to close during the next quarter, is subject to customary regulatory approvals and closing conditions.

Link Financial Group states it has acquired more than 2,500 portfolios of performing, rescheduled and non-performing loan portfolios, since it was established in 1998, from major banking groups and financial institutions.