The Guernsey incorporated Burford
Capital Limited(Burford Capital) has raised US$150 million
through an issue of retail bonds on the London Stock Exchange (LSE)
by a subsidiary, Burford Capital PLC.
Payments in respect of the bonds are guaranteed by Burford
Capital which was first listed on the LSE's Alternative
Investment Market (AIM) in October 2009 and now has a market
capitalisation of£244 million.
The firm is the world's largest provider of investment
capital and risk solutions for litigation.
Christopher Bogart, Chief Executive at Burford Capital,
commented: "This latest capital brings Burford's asset
base above a half-billion dollars. We are very pleased with the
market reception to our bond issue and we now look forward to
committing this additional capital, and continuing to work with our
existing clients while also continuing to broaden the reach of
Burford's corporate financing solutions."
Lead legal counsel on the transaction was Freshfields Bruckhaus Deringer LLP and Guernsey
legal advice was provided by Ogier Legal. The team in Guernsey was led by
William Simpson, Partner and Bryon Rees, Managing Associate and
assisted by Alexandria Gaudion, Associate.
Mr Simpson said: "Burford are well known and highly
regarded for their expertise in litigation funding. We were
delighted to be asked to assist with this project and to continue
to represent Burford as its lead offshore counsel."
As the world's largest provider of investment capital and
risk solutions for litigation, Burford provides a variety of
corporate financing to litigation and arbitration matters, enabling
commercial clients to unlock the asset value of their pending
claims and raise capital to pursue them. It operates in the United
States, the United Kingdom and in the international arbitration
market, and considers matters from clients anywhere in the
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