LONDON, PHILADELPHIA, SINGAPORE, TEL-AVIV, BRISBANE\u2013 19 November 2018<\/strong>, Woodsford Litigation Funding, the global provider of litigation finance for businesses, individuals and law firms, has today announced that the family office of Chairman, Yves Bonavero<\/a>, has procured an increase in the family\u2019s investment in Woodsford to US$100m to support the rapidly expanding business.<\/p>\n \u201cOver the last eight years, Woodsford has developed into one of the world\u2019s leading litigation funders. With the broad and expanding geographic footprint and breadth of expertise we now have within the executive team, we are well set to take advantage of the increasing number of attractive investment opportunities we see\u201d, stated Bonavero. \u201cThis latest facility will give the business the firepower it needs to continue its rapid growth\u201d, he added.<\/p>\n Mark Spiteri<\/a>, Woodsford\u2019s 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. \u201cWoodsford 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\u201d, added Spiteri. <\/p>\n Steven Friel<\/a>, Woodsford\u2019s CEO also commented: \u201cThe 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.\u201d<\/p>\n [Ends]<\/p>\n Notes to the Editor<\/strong><\/p>\n About Woodsford Litigation Funding<\/strong> Woodsford is expanding rapidly; in recent months we have announced the appointments of Simon Walsh<\/a> (London), Robin M. Davis<\/a> and Sarina Singh<\/a> (Philadelphia) Yoav Navon<\/a> (Tel Aviv) and Clare Owen<\/a> (Brisbane)<\/p>\n Interviews, photos and biographies available on request.<\/p>\n Media contact<\/strong> For further information visit http:\/\/www.woodsfordlitigationfunding.com\/<\/a> or follow on Twitter @WoodsfordLF<\/a>.<\/p>\n <\/div>\n
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\u2019s 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.<\/p>\n
Steven Savage
Head of Marketing & Business Development
ssavage@woodsfordlf.com<\/a>
UK +44 (0)20 7985 8410<\/p>\n
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