The Link Financial Group has announced that it has 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.
Selina Burdell, Link Financial Group Chief Operating Officer said “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.”
“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.”
Pablo de la Viña, Managing Director, Link Finanzas said 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.”