LoanClear to acquire Brismo creating leading private credit service provider
• Amsterdam based LoanClear provides investor services (valuation, reporting, bidding, stress testing, portfolio visualization, allocation)
• London based Brismo provides originator services (standardization and validation of performance, benchmarking, indices, analytics)
• The combined company has the infrastructure and expertise required to process and interpret millions of lines of loan tape data, bringing efficiency and insight to a market that has traditionally relied on non-scalable interactions
• Rupert Taylor, current Brismo CEO, to assume role of CEO at LoanClear, headquartered in Amsterdam
Amsterdam, 10th March 2020
LoanClear, the investor servicing company spun out of Dynamic Credit, has reached an agreement to acquire Brismo. Brismo is the market leading provider of standardized loan data, delivering like-for-like comparable performance metrics and dedicated benchmarks for the lending industry. The acquisition of Brismo complements LoanClear’s investor servicing expertise, that has seen the company win over 100 valuation mandates from more than 50 unique clients across a range of liquid and illiquid assets. The addition of Brismo’s performance measurement capabilities will allow the combination to meet the full spectrum of client needs across both the ‘originator’ and ‘investor’ side of the loan market. The combined company provides services on over €60 billion of loans globally.
Tonko Gast, founder and majority shareholder of Dynamic Credit, said that “Brismo has built a unique set of tools that enable investors to confidently assess value in terms of risk and return. By combining this ‘pre-trade’ expertise in due diligence and benchmarking, with LoanClear’s established ‘post-trade’ services of allocation, administration, valuation and reporting, we can provide a full service to loan market participants. These services are crucial in a fast-growing private credit market where originate-to-manage is becoming a global phenomenon for consumer loans, SME loans, mortgages, etc.”
Rupert Taylor, Brismo’s CEO, will take on the role of CEO at LoanClear. After a career in capital markets, and experience trading a range of asset classes, Rupert believes that improving price discovery is key to allowing the market in loans to fulfil its potential. “Brismo has standardised performance reporting across multiple originators and loan types. Lenders can combine this analysis with their own processes to enhance risk pricing and improve reporting. With LoanClear’s pedigree in investor services the combination can deliver insights that enable investors to capture more of the performance available from the loan asset class. This will drive adoption, improve liquidity, and encourage the virtuous cycle whereby investors are fairly rewarded for the risk they take, and borrowers can access reasonably priced capital”.
The business is headquartered in Amsterdam and the transaction is expected to close in Q3.
For further Information:
T: +31 20 235 88 99
LoanClear is an investor services provider that was spun out of Dynamic Credit in 2016. Founded initially with the goal of servicing the needs of Dynamic Credit and its advisory clients, LoanClear has since built a comprehensive suite of services that facilitate loan investments for any investor across the full spectrum of loan types. Experts in valuations, LoanClear has won over 100 valuation mandates from more than 50 unique clients across the range of liquid and illiquid assets. LoanClear performs ongoing valuation for over 300 illiquid debt securities and residential mortgage portfolios with a combined value of EUR 2.4 billion.
For more information, go to www.loanclear.com
Brismo is a loan market data and analytics provider founded in 2014. By enabling loan originators to create credible performance metrics, and enabling investors to deploy capital more productively, Brismo has succeeded in bringing improved efficiency to the market in loans. The firm covers lenders across the UK, USA, and Europe, analyzing loans across SME, real estate, consumer and receivables markets. Brismo is the sole provider of a standardized, like-for-like comparable, loan performance track record within the originator servicing market.
For more information, go to www.brismo.com
About Dynamic Credit
Dynamic Credit is an innovative asset management and direct lending firm. Founded in 2003, Dynamic Credit has over 70,000 borrowers, € 10.5 billion of commitments, and has offices in Amsterdam, New York and Jakarta.
Dynamic Credit started in New York as a fixed-income asset management firm, extending their services with an advisory practice in the following years. The firm has grown into a full-service asset manager and direct lender, offering Dutch residential mortgages, SME loans and consumer buy-to-let loans. Dynamic Credit launched the first mortgage investment mandate of the Netherlands in March 2014. In 2015, Dynamic Credit set up the first online mortgage distribution platform of the Netherlands (bijBouwe). In August 2017, Dynamic Credit launched the Dynamic Credit Funds ICAV, an Irish AIFM regulated fund umbrella. PT Dynamic Credit Asia is a loan originator in Indonesia originating personal loans and mortgage loans.
For more information, go to www.dynamiccredit.com