Litigation Capital Management Ltd Funding of Corporate Portfolio Transaction (9369W)
24 Agosto 2020 - 8:00AM
UK Regulatory
TIDMLIT
RNS Number : 9369W
Litigation Capital Management Ltd
24 August 2020
24 August 2020
Litigation Capital Management Limited
("LCM" or the "Company")
Funding of Corporate Portfolio Transaction
Litigation Capital Management Limited (AIM:LIT), a specialist
alternate asset manager and leading international disputes
financing solutions provider, announces it has executed a portfolio
finance agreement to provide a significant finance facility to a
subsidiary of a global building and infrastructure contractor to
fund a portfolio of its construction claims.
This large corporate portfolio transaction involves an agreement
to fund up to 20 separate claims (subject to the satisfactory
completion by LCM of its due diligence) seated in territories
ranging from Dubai to London.
The transaction was originated through LCM's strategic alliance
with Norton Rose Fulbright and has involved members of LCM's team
from Sydney, London and a specialist team established in the
UAE.
LCM is the only participant in the disputes finance market
originating and executing corporate portfolio transactions of this
magnitude, demonstrating its ability to create innovative and
bespoke legal financing solutions that truly meet the needs of the
corporate.
As announced on 10 July 2020, LCM achieved four resolutions in
both its building and construction portfolio and its aviation
portfolio during the financial year ended 30 June 2020, with this
investment strategy of providing disputes finance on a portfolio
basis continuing to deliver strong metrics for LCM.
Patrick Moloney, Chief Executive Officer of LCM , comments: "We
are delighted to be announcing a further corporate portfolio
transaction which originated as the result of our important
relationship with Norton Rose Fulbright. LCM has the most
experienced team in the market for originating and executing such
transactions which, as an investment strategy, has proven to
achieve strong and consistent returns within a shorter timeframe
compared with traditional single-case investments."
Nick Rowles-Davies, Executive Vice Chairman of LCM , added:
"Transactions of this calibre are not being achieved by any of
LCM's competition. This corporate portfolio further cements our
position as leading the global market in corporate portfolio
transactions and comes at a time of considerable growth and
increased opportunity for LCM."
Cameron Harvey, Head of Disputes of Norton Rose Fulbright ,
comments: "LCM's finance facility will be of great benefit to our
client and its ability to manage legal claims across multiple
jurisdictions. Norton Rose Fulbright entered into a strategic
alliance with LCM because we foresaw a growing need for corporate
litigants to be able to engage in necessary dispute resolution
without having the experience cripple their balance sheets,
something which is even more crucial during the COVID-19 pandemic.
We look forward to continuing to work with LCM to offer financing
and legal solutions to our international and domestic clients as
they adjust to the impact of the pandemic and emerge during the
eventual recovery."
Enquiries
Litigation Capital Management c/o Alma PR
Patrick Moloney, Chief Executive
Officer
Canaccord (Nomad and Joint Tel: 020 7523 8000
Broker)
Bobbie Hilliam
Investec Bank plc (Joint Broker) Tel: 020 7597 5970
David Anderson
Alma PR Tel: 020 3405 0205
Justine James LCM@almapr.co.uk
Rebecca Sanders-Hewett
Susie Hudson
NOTES TO EDITORS
Litigation Capital Management (LCM) is a specialist alternate
asset manager and leading international disputes financing
solutions provider which operates two business models. The first is
direct investments made from LCM's permanent balance sheet capital
and the second is fund and/or asset management. Under those two
business models, LCM currently pursues three investment strategies:
Single-case funding, Corporate portfolio funding and Acquisitions
of claims. LCM generates its revenue from both its direct
investments and also performance fees through asset management.
LCM has an unparalleled track record driven by disciplined
project selection and robust risk management.
Currently headquartered in Sydney, with offices in London,
Singapore, Brisbane and Melbourne, LCM listed on AIM in December
2018, trading under the ticker LIT.
www.lcmfinance.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCKKQBBQBKKKFB
(END) Dow Jones Newswires
August 24, 2020 02:00 ET (06:00 GMT)
Grafico Azioni Litigation Capital Manag... (LSE:LIT)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Litigation Capital Manag... (LSE:LIT)
Storico
Da Apr 2023 a Apr 2024