Funding of Corporate Portfolio Transaction

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 Broker)	Tel: [phone]
Bobbie Hilliam
Investec Bank plc (Joint Broker)	Tel: [phone]
David Anderson
Alma PR	Tel: [phone]
Justine James Rebecca Sanders-Hewett	[e-mail]
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

 

END

 

 

MSCKKQBBQBKKKFB