PR92563

LONDON, Oct. 25, 2021, /PRNewswire=KYODO JBN/ --

Link Financial Group ("Link"), part of LC Financial Holdings, has today

announced the completion of their acquisition of 100% of the shares of Obligo

S.A., the Polish credit management company based in Lodz ("Obligo").  

Obligo has a 20-year track record and deep experience in the industry having

serviced more than 400,000 cases with a nominal value exceeding 1.7 billion PLN

across performing and non-performing assets. The company will continue to

operate from its headquarters in Lodz and an office in Wroclaw, and will be

managed by the same experienced senior team.

Commenting on the announcement Selina Burdell, COO at Link Financial Group said:

"Obligo is a first-class addition to the Link Financial Group. Their values

mirror our own with an ethical approach to credit management, so clients and

customers will continue to receive the same excellent service they always have.

We're also very pleased to welcome onboard the experienced and professional

team led by Tomasz Kisiel and Piotr Kaliszuk".

Tomasz Kisiel CEO at Obligo said:

"All of Obligo's management as well as our 70-strong team are delighted to join

the Link Financial Group, an international operation with an unparalleled track

record and breadth of experience.  This is a move which will further enhance

our already strong capabilities in Poland".

Fernando Yanez, Managing Director – Head of Corporate Development at LCM

Partners commented:

"LCM Partners, a Group company, has been investing in Poland over the past four

years, and the acquisition of an expert servicer in the country by our

affiliate Link will certainly enhance our standing in the local market, and

support our ambitious plan to deploy significant capital there over the coming

years".

About Link Financial Group:

Established in 1998, Link Financial Group is one of Europe's leading specialist

outsourcing firms, providing financial institutions, investors and other credit

originators with outsourced loan management, debt purchase and standby

servicing solutions. Today, the Group manages over  €50bn in AUM across 5

million customers, and employs more than 950 people in 12 European offices.

About LCM Partners

LCM Partners is one of Europe's leading alternatives investment managers.

Widely recognised for a deep understanding of credit with an unbroken 22-year

track record of generating strong, risk adjusted returns for investors. With

unrivalled expertise in the sector, LCM manages two investment strategies: (1)

Credit Opportunities (COPS) which focuses on non-performing, re-performing  and

performing loans, and (2) Strategic Origination and Lending Opportunities

(SOLO) which forms exclusive partnerships with credit originators by providing

point of sale financing to their customers.  

Fernando Yáñez, MD - Head of Corporate Development, LCM Partners

fyanez@lcmpartners.eu

+44 203 457 5064

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SOURCE: Link Financial Group