Canadian real-estate and infrastructure giant expands in Europe with purchase of loans specialist

Deputy Markets Editor

Real estate giant Brookfield Asset Management agreed to buy a 25% stake in the European private-debt investor LCM Partners and its loan-servicing arm.

LCM, which is based in London, manages and services about €25bn ($31bn) in assets ranging from credit-card debt and car loans to mortgages.

Brookfield picks up 25% stake in debt manager LCM

Justin Baer

Brookfield Asset Management

Morgan Stanley

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