Mark Spiteri, Woodsford’s Finance and Commercial Director explained that this latest capital injection has been provided in the form of a $75m multi-currency facility which can be drawn down as required to meet litigation finance commitments as they arise. “Woodsford is funded with a blend of equity, preference shares and shareholder facilities totalling $100m, which provides a stable and long-term mix of capital for what is a long-term investment asset class”, added Spiteri.
Steven Friel, Woodsford’s CEO also commented: “The provision of $100m by the Bonavero family is a real vote of confidence in the business and the executive team, from a businessman with a track record of backing winners. We are fairly exceptional within the leading litigation funders in that we invest off our own balance sheet. We are patient capital. We also have access to significant capital from other sophisticated investors, which we draw on to invest in special opportunities alongside our own money. Altogether, we have access to several hundred million dollars to invest in good opportunities around the world with a flexibility and nimbleness that is unique in the industry.”
Notes to the Editor
About Woodsford Litigation Funding
Founded in 2010 and with offices in London, Philadelphia and Singapore, Woodsford Litigation Funding provides tailored litigation financing solutions for businesses, individuals, and law firms. This includes both single case and portfolio litigation funding and arbitration funding. Woodsford’s Executive team blends extensive business experience with world-class legal expertise. Woodsford is a founder member of the Association of Litigation Funders of England and Wales.
Woodsford is expanding rapidly; in recent months we have announced the appointments of Simon Walsh (London), Robin M. Davis and Sarina Singh (Philadelphia) Yoav Navon (Tel Aviv) and Clare Owen (Brisbane)
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For further information visit http://www.woodsfordlitigationfunding.com/ or follow on Twitter @WoodsfordLF.