LONDON, Oct. 26, 2017 /CNW/ - The Link Financial Group today announced it had bought a specialist loan servicing platform, Aiqon Capital Espana. Based in Madrid, the one hundred and ten people strong team will add further capacity to Link's existing Spanish business, Link Finanzas. The team will continue to service the €6 billion portfolio of loans bought by the Group's Investment Manager, LCM Partners.
"Link Financial has been active in the Spanish market since 2004 when it established Link Finanzas. This announcement demonstrates the breadth and depth of opportunity we continue to see in Spain and underscores our commitment to this vibrant market. With a strong, full service platform in place we are confident that both businesses, operating under the Link Financial banner, will together grow and build on each other's strengths. We are proud to welcome our new colleagues to the firm and are excited by the opportunities that this acquisition will offer Link Financial in the Spanish market." - Selina Burdell, Link Financial Group Chief Operating Officer.
"The acquisition of the Aiqon business has been part of a wider transaction and portfolio purchase concluded by LCM Partners. The Aiqon team bring a depth of expertise in servicing Small to Medium Enterprise receivables and this means they are a seamless addition to our existing business and operation in Spain.
The Spanish market offers a lot of opportunity for businesses such as Link and Aiqon and together we will be stronger and able to offer our banking partners an exceptional proposition in the servicing of loan portfolios." - Pablo de la Viña, Managing Director, Link Finanzas.
Established in 1998, Link Financial Group is a leading specialist outsourcing firm, providing European financial institutions, investors and other credit providers with outsourced loan management, debt purchase and standby servicing solutions. Today, it manages more than 2.5 million customer accounts, employs 700 people across 10 European offices and manages €25 billion of Gross Book Value.
Link was one of the founding members of the industry and has been at the forefront of innovation ever since. Link's proprietary operational platform allows its businesses to service a range of asset types from within and outside the financial services industry.
SOURCE Link Financial Group