LCM announces a Significant Corporate Portfolio Transaction

25th August 2020
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LCM agrees a Corporate Portfolio transaction which will see it finance a large facility to fund the construction claims of a subsidiary company of a global building and infrastructure contractor.

Litigation Capital Management Limited, a global provider of disputes funding, publicly listed on the London Stock Exchange’s AIM market, is pleased to announce it has executed an agreement to finance a corporate portfolio transaction to provide a significant finance facility to a subsidiary of a global building and infrastructure contractor to fund a portfolio of its construction claims.

The transaction, which originated through LCM’s strategic alliance with Norton Rose Fulbright and involved members of LCM’s team from Sydney, London and a specialist team established in the UAE, includes an agreement by LCM to finance up to 20 separate claims seated in jurisdictions ranging from Dubai to London, subject to the satisfactory completion by LCM of its due diligence.

LCM has achieved recent results on two of its existing corporate portfolio facilities – one for a global aviation business and the other with a building and construction company, which both delivered four resolutions each for the respective clients within the last financial year; a relatively short timeframe compared with traditional single-case projects, demonstrating LCM’s capabilities in providing sophisticated and bespoke client-focused solutions that truly meet the needs of corporate clients.

Commenting on the new corporate portfolio, Patrick Moloney, Chief Executive Officer of LCM, said: “We are delighted to be announcing a further corporate portfolio transaction which originated through our strategic alliance with Norton Rose Fulbright. LCM has the most experienced team in the market for originating and executing such industry-changing disputes financing solutions.”

Nick Rowles-Davies, Executive Vice Chairman of LCM, added: “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, commented: “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.”

This month, LCM welcomed Non-Executive Director Gerhard Seebacher to its Board, while Helene Roins joined as an Investment Manager based in Sydney. In April 2020, Investment Manager James Foster and Chief Financial Officer Mary Gangemi both joined LCM in London.

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