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LDC backs financial services company Bluestone Group

28 Jan 2014

loan_lrgPrivate equity LDC has agreed to buy a significant stake in financial services company Bluestone Group.

Bluestone, which was launched in Australia 2000 and is currently headquartered in Cambridge, UK, is focused on loan origination, consumer loan purchasing and debt servicing.

LDC said that the company is currently expanding in Europe and Australasia and broadening its existing loan origination business while moving into the non-performing SME loan market as well as debt collection and loan servicing.

Bluestone Asset Management has originated in excess of £3.75billion in mortgages and other asset backed portfolios since its inception.

LDC managing director Daniel Sasaki said, “The broadening of the company’s product and service range as well as its geographic expansion has boosted the group’s performance and LDC has the resources, skills and track record to help management further accelerate their plans and develop Bluestone into a globally-recognised business and brand.”

The firm’s other recent deals include an investment in GMG Property Services, which provides software services to estate agents.

Last year LDC invested more than £400m across 22 deals.

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