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Brookfield to buy 25% stake in European alternative credit investment manager

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Brookfield to buy 25% stake in European alternative credit investment manager

Brookfield Asset Management Inc. has agreed to acquire a 25% strategic interest in Link Financial Group, which comprises LCM Partners and its sister companies that operate a pan-European loan servicing platform under the Link Financial brand.

Brookfield has an option to acquire another 24.9% interest over time in the alternative investment manager focused on credit, and specialized in investing in and servicing consumer, small and medium enterprises, auto, leasing and commercial loans.

Link Financial employs approximately 700 people and has acquired more than 2,500 portfolios of performing, rescheduled and non-performing loan portfolios since inception from banking groups and financial institutions. It 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 regulatory approvals and closing conditions. The financial terms of the transaction were not disclosed.

Spencer House Partners LLP acted as financial adviser to Link Financial Group.