Press Release

BCMGlobal is pleased to announce the extension of our partnership with Avant Money. Since entering the Irish mortgage market, Avant Money has rapidly gained significant market share, driven by their innovative approach, competitive proposition, and market-leading product offering. This extension underscores the strength of our collaboration and highlights our proven ability to deliver best-in-class servicing solutions, supporting the growth of leading financial institutions.

BCMGlobal is a Key Partner in Avant Money’s Success

Since Avant Money entered the Irish mortgage market in September 2020, BCMGlobal has been instrumental in their journey. From initial project setup to ongoing market expansion, we have provided the servicing expertise that underpinned their growth and supported the launch of innovative mortgage products such as One Mortgage, and the recently introduced Flex Mortgage. Our commitment to deliver on our promises has positioned us as a trusted partner for many financial institutions seeking scalable, customer-focused servicing solutions.

Brian Lande, Head of Mortgages at Avant Money, commented:
“We are pleased to renew our agreement with BCMGlobal following a competitive tender process. BCMGlobal has underpinned both our mortgage origination and servicing capability since launch and I look forward to expanding this capability as we continue to grow in Ireland.”

Supporting Avant Money’s Continued Growth

Avant Money has now become a branch of Bankinter and we are very proud to continue to support their expansion to a full-scale bank in Ireland. The successful appointment of BCMGlobal to partner with Avant Money for a further term is underpinned by our company values of Integrity, Partnership and Excellence, which are at the heart of everything we do. The extension of our partnership is testimony to the quality and capability of BCMGlobal’s servicing, and as a trusted partner by leading financial institutions both in the Irish market and beyond.

We look forward to further strengthening our collaboration with Avant Money and Bankinter, reinforcing our position as the leading mortgage origination servicer in Ireland.

For more information on how BCMGlobal can support your institution’s growth through bespoke servicing solutions, please get in touch with Jimmy O’Neill, Director of Residential Servicing.

Press Release

BBCMGlobal announces the closing a series of significant transactions that further strengthen its position in the domestic market during 2024.

BCM was selected by a group of local and international institutional investors to manage 3 new portfolios of NPL (Non-Performing Loans) and UTP (Unlikely to Pay) mortgage loans, sold in 3 different transactions over the year. The sellers comprising multiple leading Italian banks, for a total of approximately €100 million in gross book value.

These 3 new acquisitions were made through a newly set-up securitization vehicle by certain leading international institutional investors including the Luxembourg fund “Italy Distressed Fund SCA SICAV”, whose portfolio is managed, by way of delegation from the fund’s AIFM, by the Italian investment firm Replica SIM S.p.A. and the Swedish Albatris in a joint venture with U.S. based Three Line Capital.

This partnership will continue to focus and remain highly active pursuing opportunities in real estate backed NPLs and UTPs and continue to execute on its investment program in secured NPEs (Non-Performing Exposures) in the short-medium term.

BCMGlobal has been appointed as Special Servicer for the securitisation, with 130 Servicing as Master Servicer, Corporate Servicer and Calculation Agent.

Chiomenti provided legal assistance to the investors and Replica SIM in relation to the transaction and to the contractual, regulatory and tax aspects.

Roberto Zambotti, Managing Director of BCMGlobal Italy said:

“We are proud of the trust our Clients have placed in us. This confirms the effectiveness of our unique value proposition in the Italian market: our independence and highly skilled team allow us to deliver exceptional service and results for investors interested in the Italian NPE market.”

Dario Negri, CEO of Replica SIM commented:

“In 2024, Replica SIM expanded its range of investment solutions by establishing a new team dedicated to managing alternative investments, led by Alessandro Avagliano and Corrado Mazza, and assuming the portfolio management of a new fund, Italy Distressed Fund SCA SICAV-RAIF.

The Italy Distressed Fund follows an investment strategy mainly focused on securitisation notes, specifically Asset-Backed Securities (ABS), with a geographical focus on Italy.

The fund has a fundraising target of €35 million, total already raised and partially invested upon the launch of the project.

The fund has already involved and continues to involve multiple European and national investors interested in the initiative. Currently, Replica is working on the delegated management of a new alternative fund with a target fundraising of approximately €100 million.”

About BCMGlobal

BCMGlobal is a leading European independent loan and asset management service provider. We have multijurisdictional expertise with operations in Italy, Ireland, the UK, the Netherlands and Spain.

We deliver a range of core services including loan management, bank outsourcing, origination, and real estate asset management. We support our clients at all stages of the debt life cycle from origination and advisory services through to asset management across multiple debt classes: performing, non-performing (NPL) and unlikely-to-pay (UTP) loans.

In Italy, BCMGlobal provides to its broad client base with expert services throughout the entire credit lifecycle covering a wide range of asset classes including unsecured and consumer loans, residential mortgages, corporate and SME secured loans and REO portfolios. BCMGlobal is one of the few special servicers that has developed an in-house real estate team entirely dedicated to the management of real estate assets securing NPL and UTP loans, with a strong track-record in real estate development projects repossessed through REOCOs (Real Estate Operating Company).

For more information, visit www.bcmglobal.com/countries/italy

About Replica SIM

Replica SIM (www.replicasim.com) is an Italian investment firm with specific expertise in investment portfolio management services and, specifically, in fixed income which its Industry-leading team with decades of experience has achieved a strong performance track record.

Replica SIM provides investment portfolio management to EU-domiciled funds reserved to institutional and professional investors, with investment policy focused on bond, equity, multi-strategy and other securities. A team of 30 experienced portfolio managers has generated a consistent and superior track record over multiple years on a risk-adjusted basis.

The partners commit a significant share of the capital to the funds managed by Replica demonstrating a strong alignment of interests with our institutional investors.

Press Release

BCMGlobal Completes Acquisition of Redwood, Reinforcing Its Position as a Leading European Loan Servicer

BCMGlobal, part of LC Financial Holdings (LCFH), proudly announces the successful completion of the acquisition of Redwood, a specialist loan servicer and real estate asset manager based in Madrid, Spain.

BCMGlobal is one of Europe’s leading loan servicers with over 25 years’ experience delivering servicing solutions to Europe’s leading banking and financial institutions. BCMGlobal services loans throughout the loan lifecycle, including mortgage origination, primary, special, back-up and master servicing, as well as structured finance and tailored BPO services. We leverage our core expertise in banking and credit management and a deep understanding of customer-focused, regulated business environments.

Redwood was incorporated in 2018 and manages c.€1Bn worth of Investments Funds and Banks PLs, NPLs and REOs both individual and corporate. Redwood provides services throughout the asset lifecycle value chain. Headquartered in Madrid, Redwood’s core end-to-end servicing capabilities are enhanced by additional value-added services, including Corporate and Advisory Services.

Simon Fitness, CEO BCMGlobal said

“We are excited by the prospects for our combined businesses. Together with Redwood, BCMGlobal’s operations will span eight offices in five European jurisdictions (the UK, Ireland, Italy, the Netherlands and Spain). We will manage assets of over €45bn, including over 150,000 mortgages, and have a combined team of over 800 dedicated professionals. Most importantly, the calibre of the Redwood team and the exceptional service that they deliver is the perfect fit for BCMGlobal. We look forward to introducing the Redwood team to our clients and supporting their growth in the Spanish market.”

Pablo Enciso, Managing Director of Redwood said:

“Through our combination of deep subject matter expertise, proactive asset management and exceptional customer service, Redwood has earned its reputation for excellence in the Spanish market. Joining BCMGlobal will accelerate our growth as a third-party servicer, support innovation as we share best practice and provide an opportunity to leverage proprietary servicing systems to improve client and customer service”.

Notes to Editors:

About BCMGlobal (BCM)
BCMGlobal is a European leader in mortgage, real estate and commercial loan servicing. With operations across multiple jurisdictions, BCM is dedicated to providing exceptional service and innovative solutions to its clients in the financial industry.

For more information, please visit BCMGlobal’s website www.bcmglobal.com

Press Release

GENERALE GESTIONE CREDITI S.R.L. AND BCMGLOBAL ASI LIMITED, MILAN BRANCH MERGE TO BECOME BCMGLOBAL ITALY

Milan, July 8, 2024

BCMGlobal, a leading European independent loan and asset management service provider, announces the completion of the merger process between Generale Gestione Crediti S.r.l. (“GGC”) and BCMGlobal ASI Limited, Milan Branch (“BCMGlobal Milan Branch”). Both Italian companies are already part LC Financial Holdings Ltd, and specialise in third-party credit management activities. The transaction came into effect from July 1, 2024, and has created BCMGlobal Italy S.r.l. (“BCMGlobal Italy”).

Founded more than 20 years ago, GGC was one of the first Italian companies to provide an integrated approach to credit collection management for third parties. The company specialises in managing unsecured loans (both performing and non-performing).

BCMGlobal has been active in the Italian market since 2017 and operates as a special servicer for international institutional investors and asset managers, with a focus on managing and recovering non-performing loans (“NPLs”) and unlikely-to-pay exposures (“UTPs”) together with providing real estate asset management and advisory activities.

This merger consolidates BCMGlobal Italy’s position as a leading operator in the Italian market, widening its offering and competencies to provide its broad base of clients with expert services throughout the entire credit lifecycle.

“The incorporation of Generale Gestione Crediti into BCMGlobal Italy confirms our deep commitment to developing our activities in the Italian market. Our goal is to continuously strengthen our presence in this country, which remains one of the most interesting in Europe in terms of both size and service evolution.” Simon Fitness, BCMGlobal Group CEO.

“Our aim is to continue providing excellent services to our clients by leveraging our independence, the complementary skills of GGC and BCMGlobal Milan Branch, and our team of highly qualified professionals. The new scale also allows us to strengthen our corporate governance, control, and business support functions to continuously elevate our quality standards” Roberto Zambotti, Managing Director of BCMGlobal Italy.

BCMGlobal announces the closing of its fourth investment in the Italian market in partnership with a group of leading international institutional investors including Swedish Albatris in a joint venture with U.S. based Three Line Capital.

The partners have purchased from an international institutional investor, a secured non-performing loan portfolio with a total GBV of about €95 million, through the securitization vehicle Wings One SPE S.r.l..

This latest acquisition by the BCMGlobal – Albatris – Three Line Capital joint venture indicates the Group’s success in the Italian NPE market, as they are now approaching €200 million in GBV acquired from multiple sellers in a period of 18 months.

This partnership will continue to focus and remain highly active pursuing opportunities in real estate backed NPLs (Non-Performing Loans), UTPs (Unlikely to pay), and Real Estate Investments and continue to execute on its investment program in secured NPEs (Non-Performing Exposures) in the short-medium term.

BCMGlobal has acted as advisor throughout the acquisition process, assisting the partners from the origination and underwriting of the opportunity, to the deal execution. BCMGlobal is also appointed as Special Servicer for the securitization, with 130 Servicing as Master Servicer and Corporate Servicer, Calculation Agent, and Representative of the Noteholders.

Legal support to the investors in relation to the transaction documents has been provided by Legance – Avvocati Associati.

Simon Fitness, Chief Executive Officer of BCMGlobal Ireland and Italy said:

“This, our fourth such investment completed within 18 months of our first, represents another important milestone for the Italian business. Our investment & advisory team are actively sourcing opportunities from within the now prominentsecondary market in Italy.

Since 2018 we have enhanced and evolved our proposition and reputation as a special server and real estate asset manager, and this fourth co-investment further strengthens our commitment in the Italian market.”

Paolo Petrignani, Managing Director of Albatris commented:

“Italy remains one of our core markets and we continue to see attractive investment opportunities in the stressed and distressed credit space with a good fit to our investment program supported by our partners BCMGlobal and Three Line Capital its targeting to acquire closer to €1bn GBV over coming years.”

Benjamin Bornstein, Partner at Three Line commented:

“This new acquisition continues the success of our European NPL strategy. By working in concert with Albatris and BCMGlobal, since early 2022 we have been able to establish an ongoing presence in the Italian NPL markets. We look forward to making further investments in 2024 and beyond”

About BCMGlobal

BCMGlobal is a leading European independent loan and asset management service provider.

We have multijurisdictional expertise with operations in Italy, Ireland, the UK, and the Netherlands.

In Italy, BCMGlobal is one of the few special servicers that has developed an in-house real estate team entirely dedicated to the management of real estate assets securing NPL and UTP loans, with a strong track-record in real estate development projects repossessed through REOCOs (Real Estate Operating Company). For more information, visit www.bcmglobal.com/countries/italy

About Albatris

Albatris (www.albatris.com) is an alternative investment firm headquartered in Stockholm, focusing on innovative and tailored credit investments across the spectrum of credit strategies, including distressed debt and non-performing loans. The team has more than 30 years of industry expertise, invested more than €10 billion across all major European markets.

About Three Line Capital

Three Line Capital, LLC (www.threelinecapital.com) is a New York based opportunistic investor focused on smaller and medium sized credit and credit-like situations often overlooked by market participants. The firm’s principals, with more than 60 years of collective experience in alternative credit investing, across multiple investment vehicles, and in partnership with long-term capital relationships, have acquired, invested, and managed over $5 billion in portfolios of non-performing, sub-performing and performing loans and leases (illiquid, semi-liquid and liquid) across North America, Europe, and Asia.

Press Release
LC Financial Holdings Completes Acquisition of BCMGlobal, Reinforcing Its Position as a Leading Technology-Driven Credit Specialist

London, 7am Friday 1st September

LC Financial Holdings (LCFH) proudly announces the successful completion of the acquisition of BCM Global (BCM), marking the next step in its evolution as a technology-led credit specialist. This landmark acquisition cements LCFH’s stronghold in the management of consumer and SME loans, leases and mortgages across Europe.

Established in 1998, LC Financial Holdings comprises LCM Partners, one of Europe’s leading alternative credit investment managers, the Link Financial Group servicing companies and LDMS, a technology provider focusing on the credit management sector. The integration of BCM as the fourth pillar of the LCFH Group reinforces the company’s commitment to innovation and excellence in serving its originator clients and investors.

BCM’s operations, spanning sites in Ireland, the UK, Italy and the Netherlands, are to become an integral part of the LCFH family. BCM’s core business lines encompass commercial and residential mortgage origination and management services, outsourcing of banking administration activities and structured finance administration. As a prominent European independent mortgage, real estate and commercial loan servicer, BCM will receive substantial support from LCFH to expand its existing business lines as well as develop new services across Europe.

“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 manging 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.” said Paul Burdell, CEO LCFH.

Antoinette Dunne, CEO of BCM, “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.”

Notes to Editors:

About LC Financial Holdings (LCFH)
LC Financial Holdings is a leading technology-driven credit specialist with a comprehensive portfolio of businesses in the financial sector. Comprising LCM Partners, the Link Financial servicing companies and LDMS. LCFH is committed to driving innovation and excellence in credit management and financial services. Brookfield Asset Management (ticker: BAM US) has a significant minority shareholding within LCFH and Group companies.

About BCMGlobal (BCM)
BCMGlobal is a European leader in mortgage, real estate, and commercial loan servicing. With operations across multiple jurisdictions, BCM is dedicated to providing exceptional service and innovative solutions to its clients in the financial industry.

For more information, please visit LC Financial Holdings’ website at https://lcfinancialholdings.com/