Brookfield to acquire 25 pct stake in European credit manager
Brookfield Asset Management has agreed to acquire a 25 percent strategic interest in Link Financial Group, a London-based firm which oversees LCM Partners and other companies that operate a pan-European consumer and business loan servicing platform. No financial terms were disclosed for the deal, which gives Brookfield an option to acquire an additional 24.9 percent stake over time. Toronto-based Brookfield said the partnership will support the growth of Link-LCM's credit platform through expansion into new markets, diversification of its product offering, and the pursuit of investment opportunities.
21 March 2018•4 mins read
